Report on the Statement by the Special Rapporteur on the right to adequate housing, Leilani

Farha, during the interactive Dialogue at the Human Rights Council.

At the beginning of these course, we were told by professor Robert Shiller that everything
worth doing requires financing. I consider that statement to be true since most of the great
achievements in human history have always need some sort of funding. It’s clear for
everyone that charity institutions and social programs also need funding.

Nevertheless, financing is not the answer to everything. As everything in life too

much of a good thing is never an option. Among other things financing needs regulations. I
mean, an organized and systemic collections of rules. We must balance the need of regulate
markets without encroaching the entrepreneurship that free market carries along with it. I
think that in the case of householding finance has gone awry and the state must intervene.
That is, I agree with the arguments of Leila Farha.

As the report says, financing in the real estate market has brought troubles in our
society. Financing the housing market was supposed to help young people to reach the
long-desired independence. Now, thanks to the bad practices, housing is a commodity
among the rich and powerful.

The government must step in to bring into control those institutions that control
their housing market. However, most of the times those coporations are not even in the
country they are doing business with because of the gloablizations. Which makes thinks all
the most difficult.