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

By Charles V. Bagli

Book Overview

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.

• Format: Paperback
• Language: English
• ISBN: 0142180718
• ISBN13: 9780142180716
• Release Date: March 2014
• Publisher: Plume Books
• Length: 448 Pages
• Weight: 0.80 lbs.
• Dimensions: 1.0" x 5.3" x 7.9"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher