Territorios de la financiarización urbana y de las crisis inmobiliarias

Abstract

Does growing financialization and the widened geogr aphic mobility of capital imply the ubiquity of rea l estate and others types of investment funds? Does the glob alization of economic crises (unleashed by real est ate financialization) involve the deterritorialization of these crises? In others words, is ubiquity or te rritoriality prevalent in the financialization of cities and reg arding real estate crises? Responding to these quer ies is the objective of this research. The primary results inc lude: the metropolitanization of GDP and financial as well as real estate sectors; the geographically selectiv e mobility of capital; the metropolitan concentrati on of real estate funds; the unequal and inter-regional disequ ilibrium of pensions funds; the metropolitanization of real estate bubbles and economic crises; the geography o f the international contagion of these crises; and the corresponding socio-territorial wounds and scars. T hese results allow for the conclusion that financia lization does not imply ubiquity, and that the globalization does not involve deterritorialization. To the cont rary, far from undoing regional and urban structures, these p henomena have contributed to worsening geographic discrimination and concentration, with a clear metr opolitan epicenter.