{"id":{"repo_id":"york","oai_identifier":"oai:yorkspace.library.yorku.ca:10315/41674"},"canonical_url":"https://search.dev.ndltd.org/etd/york/oai:yorkspace.library.yorku.ca:10315/41674","repository":{"repo_id":"york","name":"York University","base_url":"https://yorkspace.library.yorku.ca/oai/request"},"display":{"title":"Paper Money, Paper Homes: How the Financialization of Housing Ruined Housing Policy","abstract":"There is a global housing affordability crisis; the cost of housing has skyrocketed at rates that far outpace real wages. Using a Marxist lens, I look at the dynamics of commodification and financialization in a capitalist land market. My thesis argues that the existence of a profit motive undermines the potential for affordability to be prioritized. Financialization specifically has entrenched and intensified this process of ‘housing-for-investment’ over ‘housing-for-shelter’. My thesis explores modern political solutions to this crisis, performing a comparative analysis of inclusionary zoning by-laws introduced in Toronto and New York City. This analysis dissects how capitalist-oriented housing affordability policies are structurally bound to the same dynamics of profit-over-people; thus, they can never produce affordable housing. Alternatively, I propose a series of non-reformist reforms and radical political approaches to decommodify housing and remove its tender from the private market altogether.","abstract_html":"There is a global housing affordability crisis; the cost of housing has skyrocketed at rates that far outpace real wages. Using a Marxist lens, I look at the dynamics of commodification and financialization in a capitalist land market. My thesis argues that the existence of a profit motive undermines the potential for affordability to be prioritized. Financialization specifically has entrenched and intensified this process of ‘housing-for-investment’ over ‘housing-for-shelter’. My thesis explores modern political solutions to this crisis, performing a comparative analysis of inclusionary zoning by-laws introduced in Toronto and New York City. This analysis dissects how capitalist-oriented housing affordability policies are structurally bound to the same dynamics of profit-over-people; thus, they can never produce affordable housing. Alternatively, I propose a series of non-reformist reforms and radical political approaches to decommodify housing and remove its tender from the private market altogether.","abstract_has_math":false,"creators":["Giblon, Melissa Ruth"],"institution":null,"degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":["Kipfer, Stefan Andreas"],"committee_chairs":[],"committee_members":[],"year":2023,"date_issued":"2023-12-08","date_published":"2023-12-08","updated_at":"2026-07-24T06:33:55Z","subjects":["Geography","Urban planning"],"languages":["en"],"rights":["Author owns copyright, except where explicitly noted. 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This analysis dissects how capitalist-oriented housing affordability policies are structurally bound to the same dynamics of profit-over-people; thus, they can never produce affordable housing. Alternatively, I propose a series of non-reformist reforms and radical political approaches to decommodify housing and remove its tender from the private market altogether."]},{"key":"dc:title","label":"Title","values":["Paper Money, Paper Homes: How the Financialization of Housing Ruined Housing Policy"]}]}],"canonical_facts":{"dc:contributor.advisor":["Kipfer, Stefan Andreas"],"dc:creator":["Giblon, Melissa Ruth"],"dc:date.accessioned":["2023-12-08T14:33:27Z"],"dc:date.available":["2023-12-08T14:33:27Z"],"dc:date.issued":["2023-12-08"],"dc:description.abstract":["There is a global housing affordability crisis; the cost of housing has skyrocketed at rates that far outpace real wages. Using a Marxist lens, I look at the dynamics of commodification and financialization in a capitalist land market. My thesis argues that the existence of a profit motive undermines the potential for affordability to be prioritized. Financialization specifically has entrenched and intensified this process of ‘housing-for-investment’ over ‘housing-for-shelter’. My thesis explores modern political solutions to this crisis, performing a comparative analysis of inclusionary zoning by-laws introduced in Toronto and New York City. This analysis dissects how capitalist-oriented housing affordability policies are structurally bound to the same dynamics of profit-over-people; thus, they can never produce affordable housing. 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