Urbanexus Update — Issue #26
I strive to understand what creates opportunities — and challenges — for real estate investment and sustainable community development. You may learn about my background at http://www.urbanexus.com/about-h-pike-oliver/. Please note that some links may take you to material that is behind a paywall.
The financial crisis a decade later
The demise of Lehman Brothers on September 15, 2008 and the near collapse of AIG the following day sent devastating shockwaves throughout the global financial system. Here are a several articles and a podcast that review what took place and assess where we are ten years after this financial crisis that continues to affect real estate, especially housing.
Two days in the financial crisis — Sept. 15–16, 2008 — blogs.wsj.com
Uncle Sam didn’t take long to change his mind. One day after watching the market fallout from its decision to let Lehman fail, the government saved the insurance giant AIG, which, it was deemed, truly was too big to fail.
Lehman was painful for some but made champions out of others
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Lehman revisited
The collapse of Lehman Brothers on September 15, 2018, was was a key event in the financial crisis, which had significant real estate related causes and consequences
The housing bust and the Great Recession
Former Federal Reserve Chairman Ben Bernanke’s research, which is rooted in quantitative analysis of how the 2007–2009 financial crisis affected the economy, argues that the housing bust, while significantly damaging, can’t on its own explain why the Great Recession was so bad.
They called the last financial crisis. Here’s what they see causing the next one
www.barrons.com
Neither economists, Wall Street analysts, the financial media nor two Federal Reserve chairmen connected the dots and sounded the warning bell. These four did.
The real cost of the 2008 financial crisis
The aftermath produced a lost decade for European economies and helped lead to the rise of anti-establishment political movements.
The financial crisis made us afraid of risk — for a while
www.wsj.com
Risk-taking never disappears, it just changes shape, often to slip past the institutional and psychological defenses erected after the last crisis.
The global financial crisis: Its impact and the recovery
www.mckinsey.com
McKinsey analyzes the global financial crisis impact a decade later and discusses whether the global economy is secure.
Three big takeaways from the financial crisis
www.washingtonpost.com
Ten years on, what have we learned?
Seventeen additional perspectives on what we learned from Lehman
The consensus: We don’t seem to have learned all that much, unfortunately.
Looking forward
Can optimism make America great again? — seekingalpha.com
It sure can’t hurt. Thanks to sharply reduced tax and regulatory burdens, small business owners are more optimistic about the future than ever before.
Housing in the USA
Remarkable difference in housing costs — www.linkedin.com
Robert Weeks’ response to two articles from Urbanexus Update #25.
Housing supply and demand
The rising cost of homeownership has decelerated existing home sales activity to the slowest pace in more than two years. Risk of a housing shortage could rise as residential building flattens.
Residential design and construction
As with every single other thing about Seattle, there’ve been some developments in residential design since 2008.
Innovation
Timber tower overcomes code and financing hurdles
For Portland, Ore., developer and architect Ben Kaiser, the future of architecture and high-rise construction lies in wood. “To make an impact around environmentally conscious construction, you have to start with the big idea,” he says.
How far can driverless cars take us?
Driverless cars and trucks — or autonomous vehicles (AV) — offer a tantalizing promise of safer and unclogged roadways. Cars that drive themselves could reduce crashes to a small fraction of today’s totals, while moving people about more efficiently, in larger groups and at faster speeds.
