Commodification Of Housing
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Commodification Of Housing
Commodification of housing refers to the transformation of basic shelter, rental housing, and Owner-occupancy, homeownership into an investment vehicle or Speculation, speculative asset as opposed to a public good, human need, or the right to housing. Financialization of housing Instead of outright purchasing in cash, homes and housing units are often purchased with 15 or 30-year mortgage loanss. These can be Securitization, securitized and sold on a secondary mortgage market as packages of individual mortgages. The secondary mortgage market is considered to be the primary cause of the 2008 financial crisis as lenders made risky loans to Subprime lending, subprime borrowers who defaulted on their mortgage payments. Globalization has led to foreign nationals buying land and housing in many countries, including non-European Union, European-Union nationals buying 27,000 properties in Spain in 2023 and Chinese companies (both Mergers and acquisitions, acquisitions and companies orig ...
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Shelter
A shelter is an architectural structure or natural formation (or a combination of the two) providing protection from the local environment. A shelter can serve as a home or be provided by a residential institution. It can be understood as both a temporary and a permanent structure. In the American Counterculture of the 1960s, the concept of "Shelter" intervenes as one of the key concepts of the Whole Earth Catalog, and expresses an alternative to the modes of teaching architecture practiced in American academies. In the context of Maslow's hierarchy of needs, shelter holds a crucial position as one of the fundamental human necessities, complementing other physiological imperatives such as the need for "air, water, food, rest, clothing, and reproduction." Types ;Forms * Apartment * Bivouac shelter * Blast shelter * Bunker * Fallout shelter * House * Hut * Lean-to * Mia-mia, Indigenous Australian for a temporary shelter * Quinzhee, a shelter made from a hollow mound of loose sn ...
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Spain
Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Europe and the fourth-most populous European Union member state. Spanning across the majority of the Iberian Peninsula, its territory also includes the Canary Islands, in the Eastern Atlantic Ocean, the Balearic Islands, in the Western Mediterranean Sea, and the Autonomous communities of Spain#Autonomous cities, autonomous cities of Ceuta and Melilla, in mainland Africa. Peninsular Spain is bordered to the north by France, Andorra, and the Bay of Biscay; to the east and south by the Mediterranean Sea and Gibraltar; and to the west by Portugal and the Atlantic Ocean. Spain's capital and List of largest cities in Spain, largest city is Madrid, and other major List of metropolitan areas in Spain, urban areas include Barcelona, Valencia, Seville, ...
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Traditional Dwellings And Settlements Review
A tradition is a system of beliefs or behaviors (folk custom) passed down within a group of people or society with symbolic meaning or special significance with origins in the past. A component of cultural expressions and folklore, common examples include holidays or impractical but socially meaningful clothes (like lawyers' wigs or military officers' spurs), but the idea has also been applied to social norms and behaviors such as greetings, etc. Traditions can persist and evolve for thousands of years— the word ''tradition'' itself derives from the Latin word ''tradere'' literally meaning to transmit, to hand over, to give for safekeeping. While it is reportedly assumed that traditions have an ancient history, many traditions have been invented on purpose, whether it be political or cultural, over short periods of time. Various academic disciplines also use the word in a variety of ways. The phrase "according to tradition" or "by tradition" usually means that what follows i ...
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