Broken City: Land Speculation, Inequality, and Urban Crisis
Autor Patrick Condonen Limba Engleză Paperback – 28 mai 2024
How can urban housing, and the land underneath, now account for half of all global wealth? According to Patrick Condon in Broken City, 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. For example, in Vancouver, land prices increased by six hundred percent between 2008 and 2016. How much wealth have investors extracted from urban land? In this engaging, readable, and insightful treatise, Patrick Condon explains how we have let land, our most durable resource, shift away from the common good and proposes bold strategies for how cities in North America can shift it back.
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Specificații
ISBN-13: 9780774869553
ISBN-10: 0774869550
Pagini: 250
Ilustrații: 54 halftones, 3 maps, 8 figures, 1 table
Dimensiuni: 152 x 229 x 22 mm
Greutate: 0.43 kg
Editura: University of British Columbia Press
Colecția University of British Columbia Press
ISBN-10: 0774869550
Pagini: 250
Ilustrații: 54 halftones, 3 maps, 8 figures, 1 table
Dimensiuni: 152 x 229 x 22 mm
Greutate: 0.43 kg
Editura: University of British Columbia Press
Colecția University of British Columbia Press
Recenzii
"In most major cities, the value of land now far exceeds the value of the buildings on it. The price of dirt has inflated so drastically that buying or renting homes has jumped out of reach of ordinary wage earners, creating severe inequality and more. The myriad repercussions of inflated land prices are spelled out in clear, painful detail in a new book by University of B.C. architectural school professor Patrick Condon, titled Broken City: Land Speculation, Inequality and Urban Crisis."
"The old neo-liberal economic theory that deregulation will solve the problem of unaffordable housing is being contradicted by reality, with ugly consequences for social cohesion, mental health, urban vitality, and politics. New thinking and experiments with effective solutions addressing the problem – like those presented in Broken City – are urgently needed."
"There couldn’t be a more urgent problem for cities than housing affordability, and there couldn’t be a more welcome or well-targeted book than Patrick Condon’s Broken City. With calm and thorough logic, he walks us through the thicket of misinformation and misconceptions, to show where the overlooked truths still lie: obscured by distorted land tax policy, and the stubborn persistence of obsolete supply-side dogma. Critics might miss his point that, yes, supply is a factor, but housing cost is the result of multiple factors, and there is no silver bullet. What we might need is something more like ‘silver buckshot’ – which he describes here in refreshing detail, from zoning reforms, to innovative funding approaches, to land use and the economics of sprawl. You needn’t think his argument is gospel to find this a very welcome new take on one of the central urban issues of our time."
"This is an excellent book on an essential topic – the hyper-financialization of urban land – that is well-written and straightforward. The work is provocative but well-reasoned, and follows with practical policies."
"Condon offers what a modern tax on land value could do instead and how city-wide zoning approaches used in Portland or implementing an affordable housing overlay district in Cambridge, Massachusetts are models for moving forward. Armed with these case studies and a critical analysis of the problem, we are ready to address the role that land value plays—and undo it—to create a better future for our cities today."