Articles in: Financial Globalization of Housing --- 6 articles found --- Click on the titles --- Habitat Netz Sat, May 19 2007 Investment Security - Insecurity of Tenure The German government has declared “investment security” to be the leitmotiv of the G8 summit. The current form of globalisation has produced and continues to produce many losers and very few winners from “investment security”.
>> Read more Dossier: Investment Security, Sat, May 05 2007 Investment Security - Global Real Estate Speculation The German government has declared “investment security” to be the leitmotiv of the G8 summit. The current form of globalisation of financial markets has produced and continues to produce many losers and very few winners from new forms of transborder speculation. Even land/housing markets and thus the livelihoods of the local citizens get more and affected by private equity funds and speculative investments. Will the German presidency manage to start global negotiations in regulations for hedge and private equity funds? Or is it just a fake? >> To the Dossier Habitat Netz Sun, Oct 15 2006 US-Bank sells 40.000 German housing units to French REIT Two years after the sale of 48.000 ThyssenKrupp dwellings to a German-American financial consortium the troubled tenants have a new owner again: 45.500 former company flats will be transferred to “Foncière Développement Logements”, a French Real Estate Investment Trust (REIT, SIIC). >> Read more HIC Thu, Sep 21 2006 RIGHTS NOT REITs This article aims to give an overview on available information about the global role of REITs and it’s consequences. Based on the critical debates in Germany it tries to suggest arguments against copying the US-REITs-model. It raises questions about the needs and chances to make REITs a prominent issue in international housing rights – and anti-privatisation struggles. >> SOURCEVERSION HIC Thu, May 11 2006 REITs [Real Estate Investment Trust] create rental refugees In their coalition agreement, the Berlin grand coalition basically advocated for stock market speculation via introduction of tax-free German Real Estate Investment Trusts, also known as REITs. But delegates of SPD’s [Social Democratic Party] left wing cry foul now. REITs could result in losses of trillions and create the destruction of Germany’s social housing structures. In the US, REITs make money by turning renters into refugees and by demolishing [mostly] HUD subsidized apartment complexes. >> Read more HIC Thu, May 11 2006 Condo-Coversions and Evictions in Los Angeles In Los Angeles, as in many other American Cities, real estate companies are acquiring former social dwellings and converting them into private condominiums. Since 2001, nearly 13,000 evictions (nearly 9,000 evictions since 2005) have occurred as a result of affordable rental housing units in Los Angeles being demolished or converted to condos, and the trend is escalating. In 2004, 1,261 units were lost; last year, 5,273. At its current pace, the 2006 figure will be higher. The city is working to add affordable housing, but it is losing as many such units. Meanwhile, most of its low-income tenants are evicted to make way for market-rate housing. >> SOURCEVERSION | 
