SPECULATION, LAND RENT, AND THE NEOLIBERAL CITY Or why free market is not enough
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Date
2019
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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.
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Keywords
Speculation, City, Development, Process, Research