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- Publisher Website: 10.1016/j.apgeog.2023.102993
- Scopus: eid_2-s2.0-85159626116
- WOS: WOS:001011862700001
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Article: Financialization, platform economy and urban rental housing: Evidence from Chengdu, China
| Title | Financialization, platform economy and urban rental housing: Evidence from Chengdu, China |
|---|---|
| Authors | |
| Keywords | Financialization Housing analytics Platform economy Rental house |
| Issue Date | 1-Jul-2023 |
| Publisher | Elsevier |
| Citation | Applied Geography, 2023, v. 156 How to Cite? |
| Abstract | Since the 2010s, two worldwide trends have reshaped the urban housing system and induced drastic neighborhood change: the financialization of rental housing and the rise of the platform economy. In China, with continued investment from speculative financial institutions, platform companies aggressively acquired rental houses from individual landlords to develop a platform-based housing rental economy. How does this new rental economy affect housing supply, rents and inequality? This research answers this question by taking Chengdu, China as a case study. A mixed method approach of big data analytics, hedonic pricing model, and field investigations were used to unpack: (a) the pattern of platform houses distribution and its indication of spatial strategies of the financialized platform economy to grab land rent; (b) the effect of such new housing rental economy on housing rents; (c) the effect of the degree of financialization on platform houses' rental prices. The results inform the debate on the disrupt effect of platform economy and housing financialization on equitable urban development, particularly the heterogeneity among cities and countries. This paper contributes to understanding financial investors' glocalization strategy and the state's territorialization strategy as two crucial factors for the variegation of rental housing financialization. |
| Persistent Identifier | http://hdl.handle.net/10722/337963 |
| ISSN | 2023 Impact Factor: 4.0 2023 SCImago Journal Rankings: 1.204 |
| ISI Accession Number ID |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Zhang, Mengzhu | - |
| dc.contributor.author | Luo, Zixin | - |
| dc.contributor.author | Qiao, Si | - |
| dc.contributor.author | Yeh, Gar-On Anthony | - |
| dc.date.accessioned | 2024-03-11T10:25:14Z | - |
| dc.date.available | 2024-03-11T10:25:14Z | - |
| dc.date.issued | 2023-07-01 | - |
| dc.identifier.citation | Applied Geography, 2023, v. 156 | - |
| dc.identifier.issn | 0143-6228 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/337963 | - |
| dc.description.abstract | <p>Since the 2010s, two worldwide trends have reshaped the urban housing system and induced drastic neighborhood change: the <a href="https://www.sciencedirect.com/topics/social-sciences/financialization" title="Learn more about financialization from ScienceDirect's AI-generated Topic Pages">financialization</a> of rental housing and the rise of the platform economy. In China, with continued investment from speculative financial institutions, platform companies aggressively acquired rental houses from individual landlords to develop a platform-based housing rental economy. How does this new rental economy affect housing supply, rents and <a href="https://www.sciencedirect.com/topics/social-sciences/inequality" title="Learn more about inequality from ScienceDirect's AI-generated Topic Pages">inequality</a>? This research answers this question by taking Chengdu, China as a case study. A mixed method approach of big <a href="https://www.sciencedirect.com/topics/social-sciences/data-analytics" title="Learn more about data analytics from ScienceDirect's AI-generated Topic Pages">data analytics</a>, hedonic pricing model, and field investigations were used to unpack: (a) the pattern of platform houses distribution and its indication of spatial strategies of the financialized platform economy to <a href="https://www.sciencedirect.com/topics/social-sciences/land-tenure" title="Learn more about grab land from ScienceDirect's AI-generated Topic Pages">grab land</a> rent; (b) the effect of such new housing rental economy on housing rents; (c) the effect of the degree of <a href="https://www.sciencedirect.com/topics/social-sciences/financialization" title="Learn more about financialization from ScienceDirect's AI-generated Topic Pages">financialization</a> on platform houses' rental prices. The results inform the debate on the disrupt effect of platform economy and housing financialization on equitable urban development, particularly the heterogeneity among cities and countries. This paper contributes to understanding financial investors' glocalization strategy and the state's territorialization strategy as two crucial factors for the <a href="https://www.sciencedirect.com/topics/agricultural-and-biological-sciences/variegation" title="Learn more about variegation from ScienceDirect's AI-generated Topic Pages">variegation</a> of rental housing financialization.<br></p> | - |
| dc.language | eng | - |
| dc.publisher | Elsevier | - |
| dc.relation.ispartof | Applied Geography | - |
| dc.rights | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. | - |
| dc.subject | Financialization | - |
| dc.subject | Housing analytics | - |
| dc.subject | Platform economy | - |
| dc.subject | Rental house | - |
| dc.title | Financialization, platform economy and urban rental housing: Evidence from Chengdu, China | - |
| dc.type | Article | - |
| dc.identifier.doi | 10.1016/j.apgeog.2023.102993 | - |
| dc.identifier.scopus | eid_2-s2.0-85159626116 | - |
| dc.identifier.volume | 156 | - |
| dc.identifier.eissn | 1873-7730 | - |
| dc.identifier.isi | WOS:001011862700001 | - |
| dc.identifier.issnl | 0143-6228 | - |