The Crossroads of Social Interest Housing in Bogota: Land Prices

Abstract

This document analyzes the issue of social interest housing in Bogotarelated with land prices. Additionally, some postulates that have had animpact over land pricing issues have been reviewed. As a starting point ithas been reviewed the population settlement structure in the city as anevidence of the unbalanced occupation and offer of property. Thequantitative perspective used shows that the incorporation of urban landdoes not have the aforementioned effect of lowering prices. The dynamicof land prices shows an inertial behavior of such, derived from the somehow naïve rationality of the owners. The association with the construction evolution shows the tendency of constructors to capture rent anticipation, leads them to make mistakes if cycles are not foreseen. Although being an industry with a competitive organization, there is evidence of a non explained element of pricing that may be a rent, in this case a technological one.

Keywords

• Land rent
• land offer
• time series
• sequential games
• production function.