Speculation, land rent, and the neoliberal city. Or why free market is not enough
Speculation, land rent, and the neoliberal city. Or why free market is not enough
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DOI：
10.4067/s0717-69962019000200120
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发表时间：
2019-08-01
期刊：
影响因子：
--
通讯作者：
Hidalgo, Rodrigo
中科院分区：
文献类型：
--
作者：
Encinas, Felipe;Truffello, Ricardo;Hidalgo, Rodrigo
如果金融投机是当前行为的未来可能利润，那么风险证明利润率是合理的。但是，研究结果表明，在城市用地方面，未来的收益取决于地块的位置，而不是其上的建筑物，因此，由于地块的位置是不可互换的，购买城市用地几乎没有风险。与其说是投机，不如说是有保障的生意。
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.