“WHO OWNS THE CITY?” explores various housing policy models and their impacts. In the age of global capitalism, architecture and urban planning are increasingly influenced by the dynamics of international financial markets. The primary purpose of building homes has become profit-oriented sales. Policies that favor investors contribute to the selling off of urban and rural areas, resulting in escalating rents and rendering housing unaffordable for a significant portion of the population. What was once an essential basic need has now evolved into a form of asset investment.