From Boom to Bubble: How Finance Built the New Chicago

From Boom to Bubble: How Finance Built the New Chicago
ISBN-10
022629448X
ISBN-13
9780226294483
Category
Architecture
Pages
287
Language
English
Published
2015-11-20
Publisher
University of Chicago Press
Author
Rachel Weber

Description

How does a building boom happen? Who inflates a real-estate bubble and why? What causes companies to move from seemingly usable office space into new quarters only blocks away? Rachel Weber digs into these questions and more in her detailed analysis of Chicago's downtown development during the "Millennial Boom" (1998-2008). Weber shows what happens when the real estate industry, financial markets, and public planning all operate at warp speed to build new structures and destroy older ones. She draws on years of interviews with real estate actors across the country, participant observation in a secretive sector, analyses of financial and development data, as well as the history of the appraisal, brokerage, and real estate finance professions. As a result, Weber's book is an unprecedented historical, sociological, and geographic look at how markets and urban change actually happen.

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