The ongoing economic crisis, which originated in the USA and has since spread rapidly to capital markets worldwide, is massive, complex, and many times contradictory. One could say the same for responses to the crisis as governments, firms and multi‐national institutions struggle to grasp the full magnitude of the event. This article interrogates the key commodities involved—land, labor and money—and the always‐uneasy relations between spaces of social reproduction and capital. Such ambivalence is critical to understanding how new economic realities are formed in light of retreating neoliberalism as markets become destabilized. The analysis provided suggests the commodities involved in the housing crisis are the basis for a countermovement against dispossession.