Session co-organised with the Regional Studies Association (RegionalStudies.org) Research Network on Financial Geography (FinGeo.net)
Real estate and finance were at the roots of the global economic crisis that started in 2007. States and their many institutions, including central banks and financial regulators, have also been seen as complicit to the crisis. Cities have recently entered a period of severe economic turbulence, with high levels of financial uncertainty as resources of governments as well as citizens and businesses have diminished. Future funding for urban development is likely to be increasingly limited due to the reform and re-regulation of financial markets and changing underlying financial-economic conditions of urban property markets. This session emphasizes the relation between real estate, urban development and financial markets. In order to understand urban development and redevelopment processes, it is crucial to understand not only the interaction of supply and demand but also the role of state regulation as well as financial forces at work in increasingly international capital markets.
|Presenter||Devika Narayan*, University of Minnesota - Minneapolis, Cashing out the city: speculative urbanism through the lens of India’s real estate industry||20||3:20 PM|
|Presenter||Patrice Derrington*, Columbia University, Chasing Speculative Returns in the Post Gfc Recovery: Yield vs Price Appreciation in Real Estate Investment Objectives||20||3:40 PM|
|Presenter||Alona Liasheva*, University of Milan-Bicocca, How did market come to the rule in housing sector of post-Soviet cities? Case of Kyiv, Ukraine||20||4:00 PM|
|Presenter||Katharine Nelson, Rutgers University, Elora Raymond, Clemson University, Kathe Newman*, Rutgers University, A Geography of Speculative Finance: The Production of Liquidity and Urbanization||20||4:20 PM|
|Presenter||Benjamin Teresa*, Virginia Commonwealth University, From Family to Financialized Properties: Race and Uneven Development in the Reemergence of the Land Contract||20||4:40 PM|
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