Incidence of crime in renting fees in Loma de Los Bernal, Medellín - 2017
DOI:
https://doi.org/10.22335/rlct.v12i2.1165Keywords:
Injuries, aggressions, crimes against people, crimes against property, economic crime, crimes against social heritageAbstract
The incidence of crime in home rentals has not traditionally been analyzed in depth in Colombia due, among other factors, to the low availability of information related to the real estate market that exists as a consequence of the low perception of security, which makes it difficult for this type of data to be available to researchers, since it is continuously kept under reserve. The main objective of this study is to establish a functional relationship between the housing rentals in the Loma de Los Bernal neighborhood in Medellín, and crimes such as theft of motorcycles and personal injuries. In addition, it also offers percentage estimates of the reduction in the value of home rentals as a result of the commission of these crimes. The technique used was that of geographically weighted regressions. With this procedure it is possible to obtain results with higher levels of adjustment when compared with other methodologies, thanks to the fact that it allows to spatially weight all of the data obtained from the Real Estate Market of Medellín and Antioquia, as well as from the portal datosabiertos.gov.co. The main revelation of this work includes finding mathematical evidence that personal injuries and theft of motorcycles deteriorate the housing rental market in the Loma de Los Bernal neighborhood and tend to reduce the willingness of potential tenants to pay by 0.77% and 2.77%, respectively, with which these crimes constitute negative externalities that affect the well-being of society.
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