Articulation of categories for analysis of the financialization and production of space in contemporary capitalism
DOI:
https://doi.org/10.11606/issn.2179-0892.geousp.2019.161224Keywords:
finance, real estate, construction, production of spaceAbstract
This article presents a critical reading of the category of land rent from the concepts of value, price and profit within the real estate industry and the possible meanings that these can attribute to the private ownership of land and property. Based on these clarifications, the text resumes the debate on the functioning of land ownership and property as pure financial assets. It is argued that financialization has led to overcome barriers between finance assets and real estate, but that the specific characteristics that differentiate them prevent a complete fusion of meanings. Following the authors who study real estate pricing processes, it is argued that market methodologies are based on abstract processes that distance themselves from concrete reality, hiding and hiding the origin of asset prices in the process of capital valorization.
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