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«Deuda hipotecaria fallida, persona fallida» : La financiarización de la vivienda y la vida en cataluña

Lamarca, Melissa García LU orcid (2019) In Arbor 195(793).
Abstract

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... (More)

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.

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Please use this url to cite or link to this publication:
author
alternative title
«Failed mortgage debt, failed person» : The financialization of housing and life in Catalonia
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Catalonia, Financialization, Mortgage debt, Plataforma de Afectados por la Hipoteca (PAH), Proletarianization
in
Arbor
volume
195
issue
793
article number
a514
publisher
CSIC Consejo Superior de Investigaciones Cientificas
external identifiers
  • scopus:85073519827
ISSN
0210-1963
DOI
10.3989/arbor.2019.793n3002
language
Spanish
LU publication?
no
additional info
Funding Information: Quiero dar las gracias a Diego Andreucci, Santi Gorostiza, Marien González Hidalgo, Irene Sabaté Muriel y Bálint Ábel Bereményi cuyos comentarios y mirada crítica me ayudaron a mejorar este artícu-lo, y a todas las personas afectadas por la hipoteca que compartieron sus historias conmigo. Gracias también a todas las comPAHs por una lucha que nos inspirará siempre. Agradezco el apoyo del Economic and Social Research Council [ES/J500094/1] y el Sustainable Consumption Institute (SCI) de la Universidad de Manchester por la financiación que hizo posible esta investigación. Publisher Copyright: © 2019 CSIC.
id
335e3db0-64bf-4bdb-97cf-11e43fbdbebd
date added to LUP
2024-02-06 14:04:59
date last changed
2024-02-07 09:09:34
@article{335e3db0-64bf-4bdb-97cf-11e43fbdbebd,
  abstract     = {{<p>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.</p>}},
  author       = {{Lamarca, Melissa García}},
  issn         = {{0210-1963}},
  keywords     = {{Catalonia; Financialization; Mortgage debt; Plataforma de Afectados por la Hipoteca (PAH); Proletarianization}},
  language     = {{spa}},
  number       = {{793}},
  publisher    = {{CSIC Consejo Superior de Investigaciones Cientificas}},
  series       = {{Arbor}},
  title        = {{«Deuda hipotecaria fallida, persona fallida» : La financiarización de la vivienda y la vida en cataluña}},
  url          = {{http://dx.doi.org/10.3989/arbor.2019.793n3002}},
  doi          = {{10.3989/arbor.2019.793n3002}},
  volume       = {{195}},
  year         = {{2019}},
}