This article — an excerpt from my book, Capital City, with elaborations on a number of key points — argues that the housing crises endemic to contemporary capitalism must be understood as a result of the concentration of global capital into real estate and the the re-orientation of state planning capacities around the demands of the real estate industry. The first half of the article explains the dimensions of the crisis in the US and the rise of "the real estate state." The second half explores policy alternatives to contemporary urban neoliberalism and the kinds of movements necessary to bring them about.
Stein, Samuel, "The Housing Crisis and the Rise of the Real Estate State" (2019). CUNY Academic Works.