Financial Strategies and Policies to Enhance the Public Building Stock

Abstract

The financialisation of the real economy has created parallel markets. Among these that of real estate occupies an important place for its impact on the living standards of the population, on the liveability of cities and on landscapes both urban and rural. The reduction of the public debt is considered the necessary condition to contain the attacks of speculative finance. The need to raise cash in addition to fiscal income turns to enhancing the economic use of public building stock, either under the form of lease or of transfer. The community finds itself deprived of assets accumulated over time with great sacrifice and used primarily for social purposes. Opposing the privatization of state property is possible, as is exploiting them for a social use of common assets.

Keywords

• Public debt
• Privatization
• Real estate market
• Hedge funds