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Other People's Money

Inside The Housing Crisis And The Demise Of The Greatest Real Estate Deal Ever Made

By Charles V. Bagli

In just over three years, real estate giant Tishman Speyer and its partner, BlackRock, lost billions of investors’ dollars on a single deal. The New York Times reporter who first broke the story of the sale of Stuyvesant Town-Peter Cooper Village takes readers inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the real estate crisis happened.



How did the smartest people in real estate lose billions in one single deal? How did the Church of England, the California public employees’ pension fund, and the Singapore government lose more than one billion dollars combined investing in a middle-class housing complex in New York City? How did MetLife make three billion dollars on the deal without any repercussions from a historically racist policy of housing segregation? And how did nine residents of a sleepy enclave in New York City win one of the most unlikely lawsuits in the history of real estate law?



Not only does Other People’s Money answer those questions, it also explains the current recession in stark, clear detail while providing riveting first-person accounts of the titanic failure of the real estate industry to see that a recession was coming. It’s the definitive book on real estate during the bubble years—and what happened when that enormous bubble exploded.


Format

Book

Availability

1 available at Main (Downtown)
  • 333.7715 Bag, Nonfiction

ISBN

9780525952657


Format: Book
Author: Bagli, Charles V.
Title: Other people's money : inside the housing crisis and the demise of the greatest real estate deal ever made / Charles V. Bagli.
Publisher Date: New York : Dutton, c2013.
Subject: Tishman Speyer. Real estate development -- New York (State) -- New York -- Case studies. Real estate investment -- New York (State) -- New York -- Case studies. Mortgage loans -- United States Housing -- United States Discrimination in housing -- United States Global Financial Crisis, 2008-2009 Financial crises -- United States
Isbn: 9780525952657 0525952659
Current Holds: 0
System Items Available: 1
System Items Total: 1
Call Number: 333.7715 Bag
Oclc: 795167625
Upc:
Bib Id: 423815

Format: Book
Author: Bagli, Charles V.
Title: Other people's money : inside the housing crisis and the demise of the greatest real estate deal ever made / Charles V. Bagli.
Publisher, Date: New York : Dutton, c2013.
Description: xxviii, 387 p. : ill., maps ; 24 cm.
Subjects: Tishman Speyer.
Subjects: Real estate development -- New York (State) -- New York -- Case studies.
Subjects: Real estate investment -- New York (State) -- New York -- Case studies.
Subjects: Mortgage loans -- United States
Subjects: Housing -- United States
Subjects: Discrimination in housing -- United States
Subjects: Global Financial Crisis, 2008-2009
Subjects: Financial crises -- United States
Notes: Includes bibliographical references (p. 373-386).
ISBN: 9780525952657
ISBN: 0525952659
Requests: 0
Available Copies: 1
Total Copies: 1
Call Number: 333.7715 Bag