Mexico is in the midst of a major urban transformation. State-subsidized mortgage credit has facilitated the emergence of an affordable housing market and transformed the urban periphery into vast tracts of tiny concrete “social interest” housing developments. Easily available credit has allowed millions of Mexican workers to pursue the cultural and moral imperative to possess “patrimonio” by becoming homeowners. Patrimonio can be understood as a kind of inalienable possession tied to gendered notions of the family, inheritance, and economic security. Yet ballooning mortgage debts associated with these homes inverts the promise of patrimonio, turning the home into a source of economic instability and insecurity. I argue that this paradoxical situation derives from the convergence of different logics for understanding a home’s value—as patrimonio, as social good, and as financialized commodity. The mortgage contract reconfigures the patrimonial desires of homeowners into a vehicle for marco-economic growth and a source of private profits. Drawing on twenty-two months of ethnographic field research in Mexico City and Cancún, I highlight frictions in the meanings of home as a cultural imperative, social good, and financial commodity that arise in the context of its mobilization as marketized commodity in contemporary urban Mexico.

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“有价值的房屋”：抵押贷款融资和墨西哥城市房屋价值的重新配置

墨西哥正处于重大的城市转型之中。国家补贴的抵押贷款促进了经济适用房市场的出现，并将城市外围变成了大片微小的、具体的“社会利益”住房开发项目。容易获得的信贷使数百万墨西哥工人能够通过成为房主来追求拥有“遗产”的文化和道德要求。Patrimonio 可以被理解为一种与家庭、继承和经济安全等性别观念相关的不可剥夺的财产。然而，与这些房屋相关的不断膨胀的抵押贷款债务颠覆了 patrimonio 的承诺，将房屋变成了经济不稳定和不安全的根源。我认为，这种矛盾的情况源于理解房屋价值的不同逻辑的汇合——作为 patrimonio，作为社会公益和金融化商品。抵押合同将房主的世袭欲望重新配置为宏观经济增长的工具和私人利润的来源。利用在墨西哥城和坎昆进行的 22 个月的人种学实地研究，我强调了在当代墨西哥城市作为市场化商品动员的背景下，家庭作为一种文化需求、社会福利和金融商品的意义中的摩擦.