“…They also note the well documented process of capital markets and monetary policies in ‘core’ countries influencing the opening of household credit in Brazil, and hypothesize about the possibility of other emerging economies responding to external structural conditions in similar ways. Further, as multiple other studies have done (Fernandes and Novy, 2010; Marques and Rodrigues, 2013; Klink and Denaldi, 2014; Rolnik, 2015; Dos Santos Pereira, 2017; Soares et al ., 2017; Lavinas, 2019; Shimbo, 2019; Nascimento Neto and Salinas Arreortua, 2020), they frame Brazil's My House My Life program (Minha Casa Minha Vida; MCMV), launched in 2009, as state‐facilitated financialization introduced to avert the looming economic crisis while forcing low‐ and moderate‐income households into more mortgage debt.…”