Analysis of two alternative housing policies: rental and collective housing 2013, para. 11
Paragraph
Paragraph text
The discrepancy between income levels and soaring housing and rental prices coupled with increasing unemployment have led to more payment default, foreclosures and homelessness. These processes are exacerbated by the adoption of legal and institutional adjustments aimed at facilitating foreclosures, which have been promoted in recent years as "imperatives for developing a housing finance system". The crisis has disproportionately affected the poorest and most vulnerable, who were the last to join the mortgage markets and the first to suffer the consequences of the crises owing to their low resilience to economic shocks and low repayment abilities.
Legal status
Non-negotiated soft law
Body
Special Rapporteur on adequate housing as a component of the right to an adequate standard of living
Document type
Special Procedures' report
Means of adoption
N.A.
Topic(s)
Governance & Rule of Law
Poverty
Person(s) affected
N.A.
Year
2013
Paragraph type
Other
Reference
SR Housing, Report to the UNGA (2013), A/68/289, para. 11.