000			03922cam a2200457 i 4500
001			119094
005			20230410105556.0
008			131205t20132013nyua b 001 0 eng
035			_a17963853
010			_a 2013045940
020			_a9780525952657 (hbk.)
020			_a0525952659 (hbk.)
020			_a9780142180716 (pbk.)
040			_aDLC _beng _cDLC _erda _dDLC
042			_apcc
050	1	4	_aHD 1375 _bB146o 2013
082	0	0	_a330.9/0511
084			_aBUS054000 _2bisacsh
100	1		_aBagli, Charles V.
245	1	0	_aOther people's money : _binside the housing crisis and the demise of the greatest real estate deal ever made / _cCharles V. Bagli.
246	3		_aInside the housing crisis and the demise of the greatest real estate deal ever made
264		1	_aNew York : _bPlume, _c[2013]
264		4	_cÃ2013
300			_axxviii, 387 pages, 8 unnumbered pagesof plates : _billustrations ; _c24 cm
336			_atext _2rdacontent
337			_aunmediated _2rdamedia
338			_avolume _2rdacarrier
520			_a" 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. "-- _cProvided by publisher.
520			_a"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 estate lose billions in one single deal? How did the Church of England, the California public employees' pension fund, and the Singapore government lose more than one billion dollars combined investing in a middle-class housing complex in New York City? How did MetLife make three billion dollars on the deal without any repercussions from a historically racist policy of housing segregation? And how did nine residents of a sleepy enclave in New York City win one of the most unlikely lawsuits in the history of real estate law? Not only does Other People's Money answer those questions, it also explains the current recession in stark, clear detail while providing riveting first-person accounts of the titanic failure of the real estate industry to see that a recession was coming. It's the definitive book on real estate during the bubble years--and what happened when that enormous bubble exploded"-- _cProvided by publisher.
504			_aIncludes bibliographical references (pages 373-386).
505	0		_aThe poster child of the real estate bubble -- "Negroes and Whites don't mix" -- Thirty-six million bricks -- The Golden Age -- Who would drive the last dollar? -- Let's make a deal -- For sale -- "The more you spend, the more we can lend against it" -- What $5.4 billion gets you -- "What do they have against trees?" -- The bubble explodes -- How to lose $3.6 billion in two years -- Reckoning.
650		4	_a20150500
650		4	_aIndustria inmobiliaria.
650		0	_aReal estate business.
650		0	_aReal estate investment _xFinance.
650		0	_aGlobal Financial Crisis, 2008-2009.
650		7	_aBUSINESS & ECONOMICS / Real Estate. _2bisacsh
856	4	2	_3Cover image _uftp://ppftpuser:welcome@ftp01.penguingroup.com/Booksellers and Media/Covers/2008_2009_New_Covers/9780142180716.jpg
942			_2lcc _cbk
946			_aJaaM
999			_c39527 _d39527