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Broken City: Land Speculation, Inequality, and Urban Crisis - Condon, Patrick M.
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How can urban housing, and the land underneath, now account for half of all global wealth? According to Patrick Condon, the simple answer is that land has become an asset rather than a utility. If the rich only indulged themselves with gold, jewels, and art, we wouldn't have a global housing crisis. But once global capital markets realized land was a good speculative investment, runaway housing costs ensued. In just one city, Vancouver, land prices increased by 600 percent between 2008 and 2016. How much wealth have ...

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Broken City: Land Speculation, Inequality, and Urban Crisis 2024, University of British Columbia Press, Vancouver

ISBN-13: 9780774869553

Paperback