Real Estate History

With high stock and bond prices and the rising cost of housing, the post-subprime boom may well turn out to be another illustration of Shiller's influential argument that psychologically driven volatility is an inherent characteristic of all asset markets. In other words, Irrational Exuberance is as relevant as ever. Previous editions covered the stock and housing markets - and famously predicted their crashes. This edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets.

When you turn on the tap or twist the cap, you might not give a second thought to where your drinking water comes from. But how it gets from the ground to your glass is far more complex than you might think. Is it safe to drink tap water? Should you feel guilty buying bottled water? Is your water vulnerable to terrorist attacks? With springs running dry and reservoirs emptying, where is your water going to come from in the future? In Drinking Water, Duke professor James Salzman shows how drinking water highlights the most pressing issues of our time.

As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers? According to Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, the real answer is all of the above-and more. Many devils helped bring hell to the economy.

Race for Profit uncovers how exploitative real estate practices continued well after housing discrimination was banned. The same racist structures and individuals remained intact after redlining's end, and close relationships between regulators and the industry created incentives to ignore improprieties. Meanwhile, new policies meant to encourage low-income homeownership created new methods to exploit Black homeowners.

Late-1970s Los Angeles was rampant with killers and shady characters, but all the go-getters at Space Matters saw was possibility. Richard Kasparov was handsome and charismatic; his younger associate, Jerry Schneiderman, brilliant and nerdy. When the pair hired a veteran contractor to oversee construction, the space planning firm they operated out of a hip mansion in LA's Miracle Mile district appeared poised to transform the boundless skyline into their jackpot. After the promising team imploded, however, the orderly lines on their blueprints succumbed to treachery and secrets.

Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as the current economic malaise in Europe, were caused by a large run-up in household debt followed by a significantly large drop in household spending. Though the banking crisis captured the public's attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors.

In this groundbreaking history of the modern American metropolis, Richard Rothstein explodes the myth that America's cities came to be racially divided through de facto segregation - that is, through individual prejudices, income differences, or the actions of private institutions like banks and real estate agencies. Rather, he incontrovertibly makes clear that it was de jure segregation - the laws and policy decisions passed by local, state, and federal governments - that actually promoted the discriminatory patterns that continue to this day.

In this gripping historical memoir, journalist and famed redwood activist Greg King examines how investors and a growing U.S. economy drove the timber industry to cut down all but 4 percent of the original two-million-acre redwood ecosystem. King first examined redwood logging in the 1980s—as an award-winning reporter. What he found in the woods convinced him to leap the line of neutrality and become an activist dedicated to saving the very last ancient redwood groves remaining in private hands.

The Buxtons are one of only a few families that were successful in the gold rush era and are still prominent today. They have survived and prospered through two world wars, two calamitous depressions, numerous recessions, and any number of political and economic crises. In The Buxtons, Peter Yule brings their story to life, tracing how this one family left a distinctive mark on Melbourne’s landscape.

Steven Gaines takes us from New York's most expensive condominiums and co-ops to the offices of its most powerful real estate brokers to reveal the outlandish displays of ego, bad behavior, and status hunger that come into play when the best addresses in the city are on the line.

The history and evolution of land ownership is a fascinating chronicle in the history of civilization, offering unexpected insights about how various forms of democracy and capitalism developed, as well as a revealing analysis of a future where the Earth must sustain nine billion lives. Seen through the eyes of remarkable individuals - Chinese emperors; German peasants; the 17th century English surveyor William Petty, who first saw the connection between private property and free-market capitalism.