streets while knowing the next sun storm could already be approaching. here watching the w news live from berlin up next, a problem berliners know all to well. our doc film explores the push for the basic right for housing in cities across the world. and his reminder that you can always find more news and analysis on our website at c, w dot com. aaron dalton, berlin, thanks for watching. a natural spectacle improves the world. the return of the spiky yellow with louse will ensure the survival of the entire ecosystem. ah, one of the many success stories from a bastion of biodiversity said, holy not stores may 20th on dw, ah

ah ah ah, and my job is to go around the world and investigate different housing issues and sort of see how are people ferrying with respect to the right to housing, but maybe you could tell me a bit about how you came to meeting to have around strike for me personally. i know

most problem i have a clock roach problem. i've got things that need to be repaired in the building. they withhold services, they run you around in circles, they frustrate you, you get that off. you just want to leave. but we're, we're going to go that run situation all over toronto's the same way. it is addiction by another name. and have you had any response from that cap yet? i guess it's ross russia harassing the bill, birkhead aside on her, she had a sign on her balcony about the red stripe and they threatened to victor. i'm giving you this notice because i want to end your tendency. i want you to move out of your rental unit by such and such date reason. i believe that you or someone living with you has committed an illegal act. and 6, a series. griffin, ality. yeah, on my record legal action, guns and drugs and oh my god, a shame africa with our 2 arms category there. yeah. so this was based on the

banner. yeah. you know, we're not that melting room or anything just as may 1st rent strike. yeah. they own 19 buildings in the area and that's their plan for all the buildings is to give people like i. so the neighborhoods getting gentrified, if you know familiar with liberty village, it's moving. it's come right up to king and duffer and, and this is, it's only one direction into our neighbor and we're in the way so you have like poor people really struggling now like like to never before. but then you also have the middle class unable to afford to live in cities and provide the services that are necessary for city. i don't want to over

used the word crisis, but it suggests a crisis. so then we start asking, wait a 2nd, who's going to live in cities who are cities for it's not tom rocket science enough. what do we think people need to have a dignified life. and it's clear that decent housing affordable housing is one of those things. and it's supported by international long kennedy heights. family is just an hours away from learning whether or not they can stay in their home or be forced out on the streets. problem. housing is gobbling up more shrinking paychecks. people and 59 out of 102 countries worldwide would need to see their yearly income for at least 10 years in order to buy

a house in their country. there are 2 histories we might say that intersect to day in that space that we call the city and one of them is familiar aisha, which is so what we have for which we have used to term gentrification. when i hear people today saying it's gentrification, one reaction and ironic reaction is if only it's much deeper, it's much more foundational. a nasa fill in even though so then the, the peachcare for apple. and then you get a little bit more you were in the home of an older woman breaker, or is being pressured to abandon her home because it's in the midst of this big new

development here. there was a hospital, it's been demolished and it was demolished to make way for condominiums, luxury condominiums, and they don't even own this land. i've heard that there are many units standing vacant already, luxury condos, and last because no one in both parties so can afford to buy and purchase any of these units. so these developments are clearly not for the people about i use them, i did it, and i'm busy though for me. so it was you don't know what's going on, give us a call on a saturday. if you don't have anybody, then only will the amendment seed. well, i thought i would have a photo 100 right now. i can, i don't know. i don't know,

but it thank you very much. yeah. it goes, i was very proud to maybe not, you know, he'll, when he goes home where i want to live on notting hill, i've heard about the feel more, whatever. ah, i like about this areas is the community. you know, your frames are all phase or colors is one with even if you don't know each of our we know to the by face must born just 5 minutes from here in the seventy's and eighty's and ninety's. i've seen whole area change of

pop stars and people moving into the area because a light of the 5 to 5 is really cool. the people seen the will will film that come of all around the world. i want to see where the blue doorways it want to see this the, the bookshop. it became very, very trendy places to live. and then the new school at their leisure center. that's going to attract the wealthy people to come down to the area. and then they stop by and talk a tease told me to live there. but you know, because they saw fantastic investment for them. better put in the back to our 4th stop on the highlight tour of london to talk receive properties. these 2 properties are worth perhaps 20000000 pounds each. i believe mr.

chapter coming in the region of 40 or 50000000 pounds, ford. if you could get a whole one of these, it would be 30 or 40000000 pounds and nobody lives here and nothing is happening to this thing. so it's become a dead spot in london. there was, ah news agents, there were pubs, there were a couple of restaurants, but the community itself has evaporated. so we, we puzzle flight 90 full. if i so my fly i could not live in kenton. so say, i'll be forced out the area and i'll have to actually 40 move out of london. ah, one way of putting it is,

this is not at all about housing ah, buildings, they function as, as you want those houses to be empty and unused. because you can play with them in these dark empty buildings and they are making money. so when people think of poor investor, something went wrong. hell, know who my 1st reaction to learning about this phenomenon. a vacant dwellings. i was pretty outreach. i remain outraged. back in human rights framework and through the un system, it's very clear who was accountable states they are responsible,

they have internationally human rights obligations. they sign treaties and they make commitments to the international community that they will uphold international human rights, which include the right adequate housing leo, that's the real blow. i personally thank hall to my door and then i open the front door as a blanket oh, black smoke. i'll disclosable very calmly thinkin, oh, it's a fire. ah one with

now is the beginning of the file. we're still, we need to know now was that's the beginning. ah. when i heard about it, i was in canada and watching it unfold through twitter and then i started getting these details. social housing estate, marginalized community community sat to in a very rich, affluent borough allegations of poor housing conditions from before the fire.

there were these elements that seem to be a bit of a global phenomenon where you have a kind of vulnerable community. most of the people in rental working, but there are working poor, literally living side by side with incredibly wealthy people. and i credible amount of wealth the tension between the 2 and then watching this fire, it was like a physical representation of the displacement of a community. for me, that's the narrative of the world right now. one of the i had one of the counselors while the counselor said, if you can't live in knowing he'll day, should newton be milledgeville, was all about to say several other did you get we'll go from. so he's not, he would i live the old a lives. i just mean like t, like,

let me see. and this will limit, make me sick to want to why brief is mark don't just disregard them, not their rubbish. like they've that file. it is, but it was, i was like, you know, this is the richest town in america. how can i help them? oh, you have the instrumentality that is the law. exactly. because when i see a sales with power board, can they deploy the law in ways that work for their stuff is happening in hm. mm prices go up in a neighborhood that is fixed. that's when the everybody understands that part and

then they should understand that at that point, another actor might come into the picture, a monster that nobody can see that nobody really understands whose language is incomprehensible. who is this monster actually? what is happening here? i don't believe that capitalism itself is hugely problematic. is unbridled capitalism in an area that is a human right? problematic. yes. and i think that's what differentiates housing as a commodity from gold as a commodity. gold is not a human right. housing is half

with wow. wow, the previous landlords i think was c a c d. i think they did put information up little let us know that the bill did the conflicts is going to be sold. but this is before phil. phil. phil came it, you know, who is fairfield? i dont know who they are from what i'm told to pay a bill is a subsidiary of um is it blackstone? right. private equity firm? yes, exactly. they want to raise each each carmine the rent up to like $900.00 each. that is by $900.00 by margin, and are you going to be able to pay that? i don't know. i mean, i can definitely said she, it is, is the way it way i want to go. i don't have a clue. i don't know. right. and or do you mind me asking,

are you employed to say yeah, and so what percentage of your income would this be 2590 percent? my my the asi glory. yes. 9090 percent. do you consider that affordable for you? is not i think human rights law hasn't caught up and it worries me that i haven't quite yet found the language. how do we describe it in a way that will make sense resonate and really get at that issue. i'm still looking . i'm looking for that. i feel a little bit desperate about that. so maybe i need to keep talking to the people in the financial field. the 1st type of sign that i noticed when i came here was lisa larry lived admitted

the opening hours. they show with our tenants that they are willing to, to me and i know this is 3 hours or week on, on tuesday for the d county again is the swedish arm of the blackstone company film, and it's fine thought they actually don't bother much here. but this is the typical example of the typo estates. we are interested in. yes. so every time an apartment is vacant, they thought they renovation, whereby lake and increase the rents. wheeler of free 50 percent. but these are increased, rents have no connection at all to the actual costs. why this is very, very profitable for them. no

size sherry dish through the back. we only banks it's you know, it's sell something. we pay money for finance is totally different. i always say, find ourselves something, it does not and that means that finance is basically an extractive sect finance. it's like mining once it has extracted what it needs, it doesn't care what happens with the rest. ah, who the value of all real estate, that functions as an asset is $217.00 trillion

dollars. that's more than global g, d. p. of all the countries in the world of all the economies in the world. ah, they're highly kennel flashed extractions because they come in the shape of extraordinarily complex instruments that nobody who's not in that business can understand it. so complex that we delegate to the experts, who are the experts? is the financial sector itself, a companies like wax own or a the big financial enterprises were the big winners in the crisis. ah, there were 3 winners in the housing market. ah, there was a big winners in the equity markets. it was as if the u. s. government, rather than helping the homeowners who were losing their homes,

actually sided with the banks, encouraged foreclosures to clean up, the books, gave the money to hedge funds in and private equity firms who then bought the, the distressed assets to make money. so it is the way that the 2000 a crisis has played an important role, increasing wealth inequality in united states and, and other countries that have been afflicted by the crisis. it doesn't totally work as a statement yet. let me give you a snapshot of the new world of housing. and while i do so, i urge you to reflect on the images behind me. just like that. like i can remember how we did it with the homelessness report. but i remember when i was re reading my statement, i did have that if a pin dropped, we would have heard it in the room,

and that's what i need because they know half the time they're on their blackberries and not paying attention live there. i phones, i suppose now ill, i mean homelessness is a bit different to, you know, we're seeing images of people. and part of the problem then is that when you're describing the stuff is supposed to be shocking. it's all cranes and buildings and glass and stuff. and so you're not moved to the same one. distinguished delegates. we are living in a new world, a world in which the housing sector has been transformed by global corporate financial actors and massive amounts of excess global capital. global residential real estate is now valued at a $163.00 trillion dollars. more than twice the world's total g. d. p. housing has been financial ised valued as a commodity rather than a human dwelling. what i am suggesting is

a significant change away from the commodification of housing in order to retrieve what housing means in terms of human dignity and security as a lived experience, as a human right. thank you. and we're looking for the near buildings, the new estate which is now called elephant park, which replaces the hagar state where i used to live with so many, all of them plenty of flat is part of the development and sold and home common singapore. when the sound of the season, not necessarily so for people to live in the soldiers investments, wouldn't like to sort of romanticize what it was like before. right. but it was an

ordinary counsel despite all to ordinary families, and it was at this time a day, most of them being off to work and off to school, read to college and so on. ah, we're dealing with a very, it's a very particular period. the elite feel free to violate basic laws and ah, and then they're surprised that there is bitterness among their, the working classes that have lost an incredible gra, i mean, a lot of ground in our society. so it's a tough moment. and that following the money brings out a lot of very substantial reasons as to why people as angry. they don't know exactly. they don't have the knowledge, but they know that something is not right. my own work was concerned about

asymmetries of information. the fact that some people know things that other people don't, and that gives some people the ability to take advantage of others. you can make more money, not by making a better product, lowering cost to production, which is a standard economic analysis. but by fishing for fools looking for people you can take advantage of or not creating wealth, or actually just taking wealth. if you're somebody like the head of blackstone, i've heard of talked about the big advantages of no regulation of deregulation. course he wants to be able to exploit the people who are living in his properties after the moment, when is he keeping home now assist mr

. far me chair international systems or that don't take the individual so seriously left hand corner, yet my flak was then like i say bought my flat. so i own that flat unpaid, my more kids. the problem is the price is round here. and oh, for in a ground floor, any, any flat rowdy it is extortionate. yeah. and they wanted to give us like a little bit of money. i say of you go. but then i left the move of london. so i decided to, to stay with friends. most of the people that lived in that town block a still not been homes 9 months like 9 months later i'm now in

a hostile it the place that they could offer me could be anywhere in the country. and if i don't accept it, i become intentionally homeless anywhere in the country. well, yeah, i mean, it could be birmingham, it could be manchester anyway. if you could treat people all sta, a tragedy like that. the way they're treating them now will help as anyone have ah i always picture myself like i'm 5 foot to, i'm from this like nowhere place. and i'm trying to make a huge difference globally.

i'm trying to change an entire conversation that's embedded in the way people live all around the world. and then i look back at that girl from ottawa sitting in her basement office and it's like what am i thinking? am i okay? is this ridiculous? am i being ridiculous with the that'll wind up imagine that you have it gentlemen. unit b, a little pressure to like okay, you know, open is empty place you'd have thought she would the me get out because of

the vehicle, but adding these for them to the new they've been cancer mac. we tend to come and fight to see she got it up as well. so should i list it, but i think he's got company the corporate so concerned the legality. guy calls it. but it's a girl. what is that on there? if be qual, 10 delicacy versus quinn, legacy. lady mindy, alice, or should i say that they say to fall acquittal until such they said louis, when he says all the sport he compounded to play, benny hadn't thought he's on the e thought. yeah, we and his dad of jeremiah, cassini, chic littleton, will suicide of the in thread these all these products, the lay still non didn't fight in new love to get comparative. the bad me keep boy vin. but if this, this, so a look to that, but it's got

a gap which that crystal mckinney's more no poyser, the cat was adenine community. good larry, jim is a man that and i faced calking data, mostly medical to us. you let me see. god was unequal, monet, michelle keyanna, elaine born when about till about wasn't funny thought the little copy thought it, but at least this about if anesthetic, when he got then the, from the fighting. funky saw, the nurse, the men, she mused general when he saw the local. see miss kim, connie told you the luciana then lost his supposed wishes on because of the bentham mcdonald's in the anthem, all to reasonable a baby legacy. so good mccarthy squad that he got after mosey political enough port to leave the chat in moody,

jr. leopard michaels like, i'm a fan to get on the group be going on because you don't said anybody. gayago's on facebook met you still did it. she had added spots she'd do it by god in with us. mohammed was c b t, you know, blazingly done. who love what? authorial nice baggage some of his chin. it would have 0. that won't be me. that bad? yeah. bag in she way. what that chain to beat us, we have you in the door handle this guy who's missile you them environmental casa, authentic missile, she best saw no, the bugger, or a gas, i'll people see, put it in the school and let it do so. i mean okay, no, not going on with this funding that i mean, yeah, lacrosse to mention that it's about

a, it is a totally dysfunctional system. in the late 19 seventy's and 19 eighties there developed a code at night out your relation that merge you solve all problems will be big letters to still be big loose in the name of a should the winning to be redistributed to the losers to the end if everybody ends up working it would take a high priest was built friedman. the big experiment was chilly. underpin o'shea, it took their dictator to really implement these ideas. they thought that if we

privatized to way regulations, lower taxes, growth would go up. everybody would get more, some people get a lot more at the top. but putting aside envy, everybody would get a bigger piece of a pie. it ignored the many instances where markets do not work well. it was so bitter freeman really read them. economics argument for why they should be unconcerned about morality. well, after a 3rd of a century of this experiment, we know that it's wrong that you can make money by destroying the world. and there's something wrong with it. and when i think,

how will finance come down, it's bringing itself down. it has, you know, extracted so much value that it stock now, and it's beginning to go on the other side of the curve. it is beginning to decline . you know, the amount of value, the capacity to invent more assets, we see sort of starcy submit. so it will bring itself down. it will come, it will come back, potentially roaring. that right now, it's a bit of stock. if we're going to defend the cities as we know them, i can't do it alone. i decided to create a new movement called the shift so that we can come up with ideas of how to

protect our cities. so it's not an engine movement. it's not a movement of just cities. it's a movement, hopefully of all stakeholders. you know, getting to be launching the ship here in barcelona, where the effect from financial aid station have taken hold. and where there is a mayor like out of collateral. like i'm, i've been looking at them blackstone, the largest private equity firm. they have more power than the state. you know, how are you? yeah, you know, exactly. you're crying when we have some of these edge pounds trying to speak you later in the say they want to buy it a building. you buy it for you, but we do it because we have money. i miss a lot of me because like your friend, my part yeah that, that can be expensive. i'm interested to know how the investors are vulture,

funds, the hedge funds, air b and b are reacting to what you're doing in the m. b is when the men, or like, you know, we'll, we thought almost, we added a civil book. it not so bought a been late in the them, it is one out of it will let. and there's some, some groups acting like of into my peers. right now. 2 ah, the big private equity it has taken me some time to ask the question, where are they getting their money from? ah, pension funds have a huge amount of money and they need to grow in order to make sure that the people who pay into the pension fund have something to live on their working

lives. mm. mm. i mission to. so korea was grand. well, before i had this one piece of information, but some of the largest pension funds are right here at the national pension service, is the 3rd largest pension fund in the world. it was one of the poorest countries. and now in the 11th largest economy in the world, in 50 years, that's pretty impressive. but of course, to make that happen in a 50 year period required, a kind of brutal ism of math development is under tactical. we don't want it to put on your time, but how to go in, feel you know to you to pay you thought you don't pay and deal you through. you check if we'll do is look,

we'll close it is i will one you'll yogato roll. and do you, do you do packaging until 10? 04. you go. did you get them of amazon? you could even, you know, give you a model of a but we all don't, will lose mobile devices, which we can set up your way as well. and the, the pedal talk will go in that i'm a parent has, oh, national and city governments in south korea. i need to make some major ships before they will be in full compliance with their human rights obligations. you know, human rights law is very specific about those types of projects,

forced eviction under international human rights is considered a growth, violation of human rights. people die enforced evictions and people's lives are basically ruined. so it's not to be taken lightly, hulu worry, issue general climate change, housing, they ought to be bedded into the fiduciary frameworks of grandkid farms. pension funds are representing people who are who are retiring. so you have to ask, how would they feel about this? would they feel comfortable with owning shares and

a company that is that immoral? i made a very nice to meet with the left on the field. this is a corner for this. i would i think it we have come together. we've cds, we've partners with local government association to bill department in b, b and b, a freshman mission. we have a sponsor going up. i'm sure everybody knows who you will chose me

a 2nd to load this or got to know a shotgun. you can witness what a show choker, you'll get those who is in with come jumps up often. so massage pretty true. so hopefully the, if you don't know what you around this table do, can have a huge influence. it can guide other cities to prevent powerful financial actors and they are powerful from dismantling cities as we know them. we thought a lot about about whether it was right the right time for new york to sign on to the state. and we decided it really is, i mean these are issues we're all grappling with. we do feel like it's a great opportunity to be learning from each other. so we're very excited to be part of this. thank you. 3, why?

i don't have any pictures of you. no idea. anyway, we do need to do. we should do another piece. now, jane deadman is back from the guardian. i wonder about taking another kick at the cam on financial information, i think with the one thing the one take away that they should know is that cities around the world are shifting and publicly giving cells and bumper with ah, [000:00:00;00]

with to the point. strong opinions, clear positions, international perspectives with, with russia now pushing for full control of southern minister ukraine. western countries are ramping up. military support for key ads. is the west to becoming a party to the conflict. find out on to the point to the point in 30 minutes on

d. w. thinking is the end of the pandemic in site. we show what it could look like. return to normal. and we visit those who are finding it difficult to success in our weekly coven, 19, especially over 90 special, 90 minutes on d. w. one of mankind's oldest ambition could be within reach or what is it really is possible to reverse aging researchers and scientists all over the world are in a race against time. the d. n. a molecule though has 28000000 different our glasses

. they are peers and rivals with one daring gold to outsmart nature. one of the most insightful discoveries in the history of mankind. more life starts may 28th on d, w. ah, this is d w. news, and these are our top stories. russia's president is calling on ukraine's last remaining defenders. maria, pull to surrender. vladimir putin says he will allow the civilians trapped in the eyes of small steel plant to evacuate. heavy fighting is routine is being reported . there are you in convoy is expected to arrive. and maria pull on friday to begin