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#financialization

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"In 2025, the national Housing Wage is $33.63 per hour for a modest two-bedroom rental home and $28.17 for a modest one-bedroom. Figure 1 provides state-specific two-bedroom Housing Wages, reflecting the wide variation in housing costs across the country. As this report demonstrates, these required wages far exceed not just the federal minimum wage but also the median wages of workers in many of the most common occupations, such as home health aides, food service workers, and administrative assistants. Almost half of all U.S. workers earn less than the hourly wage required to afford a modest one-bedroom rental home (BLS, 2024).
(...)
Even after factoring in higher state and local minimum wages, the
average minimum-wage worker in the U.S. must work 116 hours
per week—nearly three full-time jobs—to afford a modest two bedroom rental home at Fair Market Rent. To afford a modest one-bedroom rental home, they would need to work 97 hours per week, or 2.4 full-time jobs. Higher minimum wages, however, are insufficient in addressing the housing affordability crisis. In each of the 64 counties and municipalities with minimum wages above both state and federal levels, local minimum wages still fall short of the local Housing Wage for both one- and two-bedroom rental homes
(...)
As shown in Figure 2, more than half of all wage earners
cannot afford a modest one-bedroom rental home at Fair Market
Rent while working full-time. At least 60% cannot afford a modest two-bedroom rental home while working full-time. In 2025, the average hourly wage earned by renters is $23.60, which is $10.03 less than the national two-bedroom Housing Wage of $33.63 and $4.57 less than the one-bedroom Housing Wage of $28.17. In 49 states, the average renter wage is not enough to afford a two bedroom rental. In 37 states, it falls short of affording even a one bedroom rental."

nlihc.org/oor

National Low Income Housing CoalitionOut of Reach#OOR25 shows how difficult it is for renters to find affordable housing. Find out how much a renter must earn to afford a modest home at https://nlihc.org/oor
#USA#Housing#Rents

Quase metade das casas em Lisboa não têm como finalidade a habitação e tanta gente à procura de casa na Área Metropolitana de Lisboa. Depois digam mal dos okupas, digam. Especulai à vontade enquanto que o pessoal sem casa dorme na rua ao frio e à chuva...

"Before 2008, gentrification was largely absent from many central Lisbon neighbourhoods – areas primarily inhabited by poor, elderly residents living in deteriorating buildings. Investment certainly brought building rehabilitation, but it didn’t translate into residential stability. Despite the improvements, the centre of the city lost 25% of its population between 2011 and 2021. Across the municipality, of the dwellings built or renovated between during this period, only 56.5% serve as primary residences. The rest are either vacant, used as second homes, or converted into short-term rentals.

All this contradicts the neoliberal supply and demand story as the escalation of property prices is not linked to an actual demand for homes to live in and the formation of new households. Instead, what we see is that Lisbon is now on the radar of investors who use housing as a financial asset: a process where real estate is produced not to meet residential needs, but to maximise returns. In a context shaped by a flexible rental law, local landlords have capitalised on this shift, engaging in rentier practices by steadily raising rents and extracting increasing value from a shrinking pool of habitable homes.

The result is a city that welcomes foreign wealth but excludes many of its own citizens, prioritising the desires of global consumers over the needs of local communities. The current housing crisis reflects a stark disconnect between wages and property prices – with housing costs approaching those of global cities in a country where salaries remain among the lowest in Europe."

theguardian.com/commentisfree/

The Guardian · How Lisbon put itself on the map for real estate and tourism – and became Europe’s least affordable cityBy Agustín Cocola-Gant

"Examining the intricate interplay between private foundations, resilience, and the neoliberal system allows for an exploration of how disasters, particularly those driven by climate change, are perceived as opportunities for development within a neoliberal society. This research endeavors to answer the question: How does the instrumentalization of resilience by private foundations contribute to the development of financialization in disaster assistance?"

#ClimateResilience
#ClimateAdaptation
#DisasterMining
#financialization

sciencedirect.com/science/arti

www.sciencedirect.comResilience as a Gateway: Private foundations and the financialization of disaster assistanceInternational aid, including contributions from private foundations, assumes a pivotal role within the neoliberal framework, particularly in its utili…