1. Speculation(s) on land: The land and housing crisis in the 21st century
- Author
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Leon Claus
- Subjects
Social sciences (General) ,H1-99 ,Sociology (General) ,HM401-1281 - Abstract
Land and housing are in crisis. Rising rents and land prices have triggered severe housing problems, particularly for low-income and average-income households. In addition to residential apartment distribution, land speculation has become increasingly relevant. Since affordable housing is dependent on the availability of land, this reinforces existing housing difficulties. To understand some basic implications of the crisis, it is necessary to examine the political-economic entanglements of land and housing within the capitalist economic system. Two crucial questions are who owns the land and how it is distributed. Accordingly, landownership plays a crucial role in urban political economy as ownership influences who can and cannot live in central areas of a city. Based on these assumptions, this article aims to reveal some of the basic entanglements of land and housing and explains why one can speak of a crisis. It situates the topic in a broader context to raise fundamental questions about property. It will also provide insights into how property dynamics affect residents and their access to urban spaces by taking a closer look at the Italian city of Venice.
- Published
- 2024
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