A prognosis on the real estate collapseExplaining that the current financial crisis began with an unprecedented flow of financial capital into commercial and housing markets, this study by a real estate insider describes the impact of the downturn and assesses the future for real estate markets. Topics of discussion include the credit crunch, problems with the flow of capital, the outlook for commercial property markets, and advice to individual investors for buying and selling while the market is down.
Author BiographyAnthony Downs is a senior fellow at the Brookings Institution and the author of An Economic Theory of Democracy and Niagara of Capital. He lives in Washington, DC. Urban Land Institute is a nonprofit research and education organization dedicated to providing leadership in the responsible use of land and in creating and sustaining thriving communities worldwide.