Based on ethnographic research carried out in Maputo, Mozambique, in this article I explore the significance of housing in an urban context infused by spectacular speculation. As I will argue, in order for different everyday rationalities to become commensurable through speculative investments, they may have to manifest and activate unique and even opposing horizons of value and economic orientations. By thus considering housing beyond conventional dichotomies – Global South vs. Global North, informality vs. formality, global vs. local – we may acquire a more nuanced understanding of those manifold forms of urban engagements that make housing a way of establishing a sense of order and belonging by activating often contradictory moral orientations and hierarchies of value.