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Great American Housing Bubble

Robert M. Hardaway
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      This meticulously documented work sets forth the major causes of the greatest asset bubble in world economic history—the American housing bubble, which began in 1940 and collapsed in 2007.In the aftermath of the American housing collapse in 2007, many ask why. The Great American Housing Bubble: The Road to Collapse asks a different and more fundamental question—how the bubble was created in the first place. To answer that question, it examines the causes, both political and economic, of the American housing bubble, created between 1940 and 2007.Those causes encompass everything from federal income tax subsidies for housing to local exclusionary policies, banking, accounting, real estate appraisal, and credit agency rating practices and policies. The book also takes into account the impact of greed, government regulation, speculation, and psychology—including blind faith in investment advisors—on the creation of the greatest asset bubble in the economic history of the world. The author takes a comparative historical approach, examining the current crisis in the light of notorious bubbles of the past. In the end, he concludes that the events precipitating the most recent collapse can be traced, at least in part, not to too little government regulation, but to too much.Extracts from major legislation—federal, state, and local—that promoted the creation of the housing bubbleAn introductory essay illuminating the broad features of Western capitalism and the financial and government institutions that have evolved to promote and regulate it, notably in the United StatesA detailed chronology orienting readers to the sequence and context of eventsA glossary of important financial and regulatory terms and terms used by those in the housing industryAn appendix of governmental agencies and private institutions and think tanks involved in various aspects of the financial crisisA bibliography listing hundreds of sources, from articles and periodicals to books and treatises
      Format: CONTRIBUTORS: Robert M. Hardaway EAN: 9780313382284 COUNTRY: United States PAGES: WEIGHT: 0 g HEIGHT: 0 cm
      PUBLISHED BY: ABC-CLIO DATE PUBLISHED: 2011-02-18 CITY: GENRE: BUSINESS & ECONOMICS / Real Estate / General, BUSINESS & ECONOMICS / Economics / General WIDTH: 0 cm SPINE:

      Book Themes:

      United States of America, USA, Later 20th century c 1950 to c 1999, c 2000 to c 2009, Social and ethical issues, Economic and financial crises and disasters

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      Robert M. Hardaway is professor of law at the University of Denver Sturm College of Law, Denver.
      This meticulously documented work sets forth the major causes of the greatest asset bubble in world economic history—the American housing bubble, which began in 1940 and collapsed in 2007.In the aftermath of the American housing collapse in 2007, many ask why. The Great American Housing Bubble: The Road to Collapse asks a different and more fundamental question—how the bubble was created in the first place. To answer that question, it examines the causes, both political and economic, of the American housing bubble, created between 1940 and 2007.Those causes encompass everything from federal income tax subsidies for housing to local exclusionary policies, banking, accounting, real estate appraisal, and credit agency rating practices and policies. The book also takes into account the impact of greed, government regulation, speculation, and psychology—including blind faith in investment advisors—on the creation of the greatest asset bubble in the economic history of the world. The author takes a comparative historical approach, examining the current crisis in the light of notorious bubbles of the past. In the end, he concludes that the events precipitating the most recent collapse can be traced, at least in part, not to too little government regulation, but to too much.Extracts from major legislation—federal, state, and local—that promoted the creation of the housing bubbleAn introductory essay illuminating the broad features of Western capitalism and the financial and government institutions that have evolved to promote and regulate it, notably in the United StatesA detailed chronology orienting readers to the sequence and context of eventsA glossary of important financial and regulatory terms and terms used by those in the housing industryAn appendix of governmental agencies and private institutions and think tanks involved in various aspects of the financial crisisA bibliography listing hundreds of sources, from articles and periodicals to books and treatises
      Format: CONTRIBUTORS: Robert M. Hardaway EAN: 9780313382284 COUNTRY: United States PAGES: WEIGHT: 0 g HEIGHT: 0 cm
      PUBLISHED BY: ABC-CLIO DATE PUBLISHED: 2011-02-18 CITY: GENRE: BUSINESS & ECONOMICS / Real Estate / General, BUSINESS & ECONOMICS / Economics / General WIDTH: 0 cm SPINE:

      Book Themes:

      United States of America, USA, Later 20th century c 1950 to c 1999, c 2000 to c 2009, Social and ethical issues, Economic and financial crises and disasters

      Customer Reviews

      Be the first to write a review
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      Robert M. Hardaway is professor of law at the University of Denver Sturm College of Law, Denver.

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