||10 of 10 people found the following review helpful.| Read It and Weep|By Mcgivern Owen L|"Other Peoples' Money" contains 2 stories: The first is the tale of a huge real estate deal that went south in a hurry. A $5,400,000,000 investment shriveled in worth to some $3,000.000, 000. As the title states, the brunt of the loss was borne by outside investors-not the wheeler dealers behind the sale. Notable among the soaked investor||"Drummond does try to infuse the chapters with intensity and feeling while describing the ups and downs of the housing market and its effects on the lives of ordinary people in one of the urban centers of the world." ---AudioFile|
In just over three years, real estate giant Tishman Speyer and its partner, BlackRock, lost billions of investors’ dollars on a single deal. The New York Times reporter who first broke the story of the sale of Stuyvesant Town-Peter Cooper Village takes readers inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the real estate crisis happened.
How did the smartest people in real e...
[PDF.gr22] Other People's Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever M ade Rating: 4.60 (492 Votes)
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