Capital City: Gentrification and the Real Estate State
Making Contact
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The Real Estate State
The value of land used to come from what was produced or grown on it. But now people can invest money in land itself and hope that the value continues to increase. The idea that a piece of land has to increase in value for investors has huge impacts on local governments. In some places, that looks like single family home owners who control the entire agenda. It also means ultra luxury developers having extreme influence over state and local governments with hyper gentification and luxury development.
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