08 Ago SPECULATION, LAND RENT, AND THE NEOLIBERAL CITY Or why free market is not enough
Publicado el 20:09h
en PC_Dinámicas Socioespaciales, PC_Entorno Construido, Publicaciones Científicas
Title | SPECULATION, LAND RENT, AND THE NEOLIBERAL CITY Or why free market is not enough |
| Author | Felipe Encinas, Ricardo Truffello, Carlos Aguirre, Rodrigo Hidalgo |
| Line(s) | Built Environment; Sociospatial Dynamics |
| Year of Publication | 2019 |
| Journal Title | ARQ (Santiago) |
| Keywords | speculation; city; development; process; research |
| Abstract | If financial speculation is the possible future profit of an action performed in the present, then the risks justify the profit margin. However, this research shows that, when it comes to urban land, the future profit depends on the plot’s location and not on what is built on it. Thus, as the location is not interchangeable, the purchase of urban land involves virtually no risks. Rather than speculation, it is actually a guaranteed business. |
| Doi | http://dx.doi.org/10.4067/S0717-69962019000200120 |
| Corresponding Author | Felipe Encinas felipe.encinas@uc.cl, Ricardo Truffello rtruffel@uc.cl |