{"product_id":"9781119219255","title":"Property Boom and Banking Bust: The Role of Commercial Lending in the Bankruptcy of Banks","description":"\u003ch1\u003eProperty Boom and Banking Bust: The Role of Commercial Lending in the Bankruptcy of Banks\u003c\/h1\u003e \u003ch2\u003eJones, Colin; Cowe, Stewart; Trevillion, Edward\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eA fascinating analysis of the critical role commercial property investment played in the economic boom and bust during the global financial crisis\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe unprecedented financial boom stretching from the mid-1990s through 2008 ultimately led to the deepest recession in modern times and one of the slowest economic recoveries in history. It also resulted in the emergence of the draconian austerity policies that have swept across Europe in recent years. \u003ci\u003eProperty Boom and Banking\u003c\/i\u003e \u003ci\u003eBust\u003c\/i\u003e offers an expert insight into the complex property market dynamics that contributed to the Great Financial Crisis of 2008 and its devastating economic consequences. It is the first book to focus on a woefully underreported dimension of the crisis, namely, the significant role that lending on commercial property development played in the crisis. Among other key topics, the authors explore the philosophical and behavioral factors that propelled irresponsible bank lending and the property boom; how it led to the downfall of the banks; the impact of the credit crunch on the real estate industry generally in the wake of the financial crisis; the catastrophic effects the property bust had on property investors, both large and small; and how the financial institutions have sought to recover in the wake of the financial crisis. \u003c\/p\u003e \u003cul\u003e \u003cli\u003eProvides valuable insights into what happened in previous booms and busts, particularly in the 1970s and 1980s, and how they compare with the most recent one\u003c\/li\u003e \u003cli\u003eOffers an expert assessment of the consequences of the global financial crisis for the banking system and the commercial property industry\u003c\/li\u003e \u003cli\u003eExamines strategies banks have used to recover their positions and manage the overhang of indebtedness and bad property assets\u003c\/li\u003e \u003cli\u003eAddresses strategies the real estate industry have used to recover from the collapse in property values\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten in an accessible style, and featuring numerous insider case accounts from property bankers, \u003ci\u003eProperty Boom and Banking Bust\u003c\/i\u003e disentangles the complex, tightly-woven factors that led to the Great Financial Crisis of 2008, while offering powerful lessons for property industry professionals on how to avoid having history repeat itself.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Wiley-Blackwell\u003c\/p\u003e \u003cp\u003ePublication Date: 2018-01-09\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9781119219255\u003c\/p\u003e \u003cp\u003eDOI: \u003c\/p\u003e \u003cp\u003eDimensions: 241.3cm x167.6cm\u003c\/p\u003e \u003cp\u003ePages: 216.0\u003c\/p\u003e ","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44314170327180,"sku":"9781119219255","price":111.56,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781119219255.jpg?v=1765322570","url":"https:\/\/lateknightbooks.com\/products\/9781119219255","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}