Governança interna e desilusão em edifícios de Santiago

This article examines the challenges of internal governance and emerging issues surrounding the administration of high-rise condominiums subject to real estate investment dynamics in Santiago, Chile. In the context of the vertical condominium being treated as an investment asset, we pose the question: What forms of internal governance do building communities experience? Based on a one-year ethnographic study in the Santa Isabel district, this article identifies a series of difficulties that communities encounter in the governance and administration of their buildings. We then analyse the effects of these governance practices and their emotional impact on residents, who experience profound disillusionment with vertical living. Lastly, we reflect on the habitability and temporal sustainability of vertical housing in the context of financialization.