New Game, New Rules? Guessing at the future of American housing

If it did nothing else, the last decade should have disciplined some of our enthusiasm for betting the house, literally, on long-term trends deduced from short-term experiences. Remember that little hiccup in the world economy when pretty much everybody bought into assumptions about ever-rising home values? So where do I get off saying this: For…

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Money, It’s a Gas: New Economy development financing

In startling alignment with James Howard Kunstler’s stark predictions, ULI’s 2012 Report, “What’s Next: Real Estate in the New Economy,” bubbly concludes: “The real estate world is hurtling into a different place and time. Change is coming at a faster pace with more uncertain consequences. Success will take on different forms and risks will increase. Standing…

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