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Homes for a Better Future:Ponzi Circulations and the Paradox of Alienable/ Inalienable Homes in
Postsocialist Albania
Smoki MusarajPostdoctoral Fellow
IMTFI, University of California, Irvine
View of Vlora’s New Housing Development from Hotel Bologna’s Roof, 2008
Lexicon
before 1997 fajde (money lending/usury)
after 1997 firma piramidale /piramida(pyramid schemes/firms)
Two Types
kompani or kompani me pergjegjesi te kufizuara(limited liability companies)
fondacione/ fondacione bamirese (charities/charity foundations)
Firma Piramidale: Thresholds of Value Conversion
Trajectory I - Nafie’s Entrapment in the “Periphery”
Kombinat Lapraka
Former kreditor, Manushaqe, in front of “Vefa’s Apartments”Laprake, Tirana, 2008
Two Parallel Surges in Construction
View from Manushaqe’s balcony: post 1990s “illegal” houses build by rural
migrants
Post-1997 developments hide VEFA’s apartments from the Major Tirana-Durres Highway
Plans for a “European” CityThe “French” Model of Tirana’s Future Urban PlanTirana City Council Website
Trajectory II - Fatmira’s Relocations as Social Transformation
Village Fier Vlore
Shtepi socialiste (socialist apartments) Shtepi europjane (European homes)
•Manushaqe in her balcony cum aneks