Other People's Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever M Ade

A veteran New York Times reporter dissects the most spectacular failure in real estate history

Real estate giant Tishman Speyer and its partner, BlackRock, lost billions of dollars when their much-vaunted purchase of Stuyvesant Town-Peter Cooper Village in New York City failed to deliver the expected profits. But how did Tishman Speyer walk away from the deal unscathed, while others took the financial hit--and MetLife scored a $3 billion profit?

Illuminating the world of big real estate the way Too Big to Fail did for banks, Other People's Money is a riveting account of politics, high finance, and the hubris that ultimately led to the nationwide real estate meltdown.

Binding Type: Paperback
Publisher: Plume Books
Published: 03/25/2014
ISBN: 9780142180716
Pages: 448
Weight: 0.70lbs
Size: 7.90h x 5.30w x 1.00d