Housing is at the center of any political economy. Housing politics played a central role in the transformation of state socialism into neoliberal capitalism in Southern and Eastern Europe. The example of Romania illustrates how the privatization of the former state-owned housing stock, the very reduced number of the newly constructed social housing, and the profit-oriented real estate development supported by the state are creating housing inequalities that affect low and even middle-income people, while totally dispossessing racialized groups of adequate homes. Therefore, housing activists should acknowledge that social justice-centered governance in itself cannot provide housing justice unless it is completed by changing economic policies serving the needs and interests of the labor classes.