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

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