A/HRC/34/51
Report of the Special Rapporteur on adequate housing as a
component of the right to an adequate standard of living, and
on the right to non-discrimination in this context
Contents
Page
2
I.
Introduction: the financialization of housing ................................................................................
3
II.
Human rights framework ..............................................................................................................
5
III.
Human rights implications of the financialization of housing .......................................................
6
A.
Historical origins of the financialization of housing .............................................................
6
B.
Effects of excess global capital .............................................................................................
8
C.
Dehumanized housing: from social use to commodity value ...............................................
9
D.
Creating inequality and exclusion .........................................................................................
11
E.
Relinquished governance and accountability ........................................................................
12
IV.
Financialization of housing in developing and emerging economies ............................................
13
V.
Lack of access to justice, effective remedies and accountability ..................................................
15
A.
Investment treaties ................................................................................................................
15
B.
Domestic courts ....................................................................................................................
16
C.
Business and human rights ...................................................................................................
18
VI.
Policy responses to the financialization of housing .......................................................................
19
VII.
Conclusions and recommendations: the way forward ...................................................................
21