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This article theorizes the making and unmaking of the urban housing commons in Amsterdam. The article reviews the literature on the urban housing commons, sets out the analytics of use values and exchange values for housing, and situates these analytics within the transition from dominance of industrial to finance capital in the Netherlands during neoliberalization from the mid-1970s to the present. A vibrant housing commons in Amsterdam came into existence by the 1980s because of two social movements that pressed the Dutch state to institutionalize this commons—the New Left movement within the Dutch Labor Party, and the squatters’ movement in Amsterdam. The subsequent shift in dominance from industrial to finance capital has led to the decline of both movements and the erosion of the housing commons.

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