Theoretical considerations on the land as pure financial asset and the financialization process
The present article has two goals: 1) to specify the concepts involved in the relationship between the real estate market and the financialisation of capital accumulation; and 2) to reflect more deeply on the contradictions of treating the land as a pure financial asset. In both cases, whenever possible, concrete examples will be brought to illustrate this conceptual effort.
JEL Classification: B51; O18; R30.
Keywords: Real estate market financialization interest bearing capital fictitious commodity fictitious capital