Melissa García
Associate senior lecturer
«Deuda hipotecaria fallida, persona fallida» : La financiarización de la vivienda y la vida en cataluña
«Failed mortgage debt, failed person» : The financialization of housing and life in Catalonia
Author
Summary, in English
Based on eleven months of engaged ethnographic research with the Platform for People Affected by Mortgages (PAH) in Barcelona and Sabadell, this article proposes that the financialization of housing goes hand in glove with the financialization of life itself, which includes subjectivity and the body. The financialization of life occurs when life is subsumed into the mechanisms of rent extraction through the circuits of (urban) capital accumulation, a process of proletarianization. This article illustrates how, upon the impossibility of paying one’s mortgage, life proletarianized within the mortgage relation becomes a failed life. These arguments are developed theoretically in relation to political economy and through the lived experience of people unable to pay their mortgage.
Publishing year
2019
Language
Spanish
Publication/Series
Arbor
Volume
195
Issue
793
Document type
Journal article
Publisher
CSIC Consejo Superior de Investigaciones Cientificas
Topic
- Human Geography
Keywords
- Catalonia
- Financialization
- Mortgage debt
- Plataforma de Afectados por la Hipoteca (PAH)
- Proletarianization
Status
Published
ISBN/ISSN/Other
- ISSN: 0210-1963