Quotation Smet, Koen. 2015. The cost of housing in urban areas. International Conference on "Financialisation of Financial and Real Estate Markets" Frankfurt, Deutschland, 19.03-20.03.


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Abstract

This paper develops a framework to explain the uneven development of housing prices in cities. Since the main price component of housing is capitalized rent, the financial base of this rent is analysed. Therefore three categories of accumulation strategies are defined: places of production, places of consumption and places of business services. The restructuring of urban economies after the crisis of Fordism is interpreted as a shift from places of production to places of consumption or business services. Subsequently, the disciplining function of places of production on housing prices eroded, resulting in uneven price developments.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title The cost of housing in urban areas.
Event International Conference on "Financialisation of Financial and Real Estate Markets"
Year 2015
Date 19.03-20.03
Country Germany
Location Frankfurt

Associations

People
Smet, Koen (Details)
Organization
Institute for Institutional and Heterodox Economics IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
1807 Economic geography (Details)
5300 Economics (Details)
5309 Foreign aid (Details)
5325 Political economics (Details)
5335 Political economic theory (Details)
5344 Foreign trade (Details)
5611 Urban and regional analysis (Details)
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