In just over three years, real estate giant tishman speyer and its partner, blackrock, lost billions of investors dolla. Inside the housing crisis and the demise of the greatest real estate deal. Bagli reporterauthor other peoples money, the new york times. Pdf other people s money download full pdf book download. The landmark sale and default are the subject of the 20 book other peoples money. To be honest, when i started other peoples money by justin cartwright, i wasnt sure that i was going to love it. Inside the housing crisis and the demise of the greatest real estate deal ever m ade. Not only does other peoples money answer those questions, it also explains the current recession in stark, clear detail while providing riveting firstperson accounts of the titanic failure of the real estate industry to see that a recession was coming. Other people s money influenced both woodrow wilson s new freedom agenda and franklin roosevelt s new deal. Baglis new book, other peoples money, uses the sale of a major housing complex on manhattans lower east side, stuyvesant townpeter cooper village.
Bagli, the new york times reporter who first broke the story of the sale of stuyvesant townpeter cooper village takes listeners 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. Other people s money and how the bankers use it 1914 is a collection of essays written by louis brandeis first published as a book in 1914, and reissued in 1933. The subjects often describe themselves as not acting in my right mind, or other words to that effect. Other peoples money, by john kay the new york times. This book serves as a call to action for all of those who care about cities and believe that. The botched ny real estate deal that lost other people. In a new book, new york times reporter looks at tishman speyers acquisition of stuyvesant townpeter cooper village.
Austinbased speaker and strategist holiday conspiracy. Charles baglis other peoples money explains how the government of. Charles baglis other peoples money in a new book, new york times reporter looks at tishman speyers acquisition of stuyvesant townpeter cooper village may 20 issue. Mar 25, 2014 baglis new book, other peoples money, uses the sale of a major housing complex on manhattans lower east side, stuyvesant townpeter cooper village, to demonstrate how contemporary real estate speculators deploy international finance and local politics to change the housing options of more ordinary city dwellers. There is also a lot of discussion regarding an innate defect, depravity or other mental abnormality. Bagli, whos been covering major new york real estate stories for the past quarter century, signed a deal with publisher dutton in 2010 for a book about the infamous stuy town deal, other peoples money. Inside the housing crisis and the demise of the greatest real estate deal ever made was what the trade calls opm, or others peoples money, that was lost, mostly in investments from pension funds that were then bundled and sold as mortgagelinked securities. Inside the housing crisis and the demise of the greatest real estate deal ever made. Inside the housing crisis and the demise of the greatest real estate deal ever made reprint by charles v bagli isbn. In a world still uneasy after the financial turmoil of 2008, justin cartwright puts a human face on the dishonesties and misdeeds of the bankers who imperiled us. Other peoples money and how the bankers use it wikipedia. The new york times reporter who first broke the story of the sale of stuyvesant townpeter cooper village takes readers inside the most spectacular failure in.
Book details mistakes that led to default on stuy town town. Its very specifically about my hometown the stuyvesant town complex on the east side of manhattan, which borders first avenue to the west, the east river to the east, 20th street to the north, and 14th street to the south. Yet kay is no angry jeffersonian agrarian, but rather an academic economist with a weekly financial times. He bolsters this theory with a wide array of perspectivessome. Times reporter and stuy town expert charles bagli has turned his stuy town expertise into a book, other peoples money.
The charge is an old one that has taken on new relevance in the wake of the 2008 crisis. Bagli, who covered stuyvesant town for the newspaper. A stuy town expert speaks on stuy towns past and future. Download for offline reading, highlight, bookmark or take notes while you read other peoples money. See more ideas about other peoples money, other people and people. He claims that he made a rigorous attempt to examine other data in an effort to find negative cases, that is, cases where the facts would not support his hypothesis. See more ideas about stuyvesant town, other peoples money and new york city buildings. Morrison, et al has provided an excellent complement to nyts reporters book other peoples money in its explication of how the move by metlife to go faux upscale as they have attempted to convert stpcv and how it has impacted the devolution of this almost perfect community which was meant to be affordable for regular folks and is legendary in manhattan. To me, perhaps the most striking aspect of his description and narrative is just how much life, culture, business and technology has changed since the book was written. The book was based on the revelations of the house of representatives pujo committee about the predatory practices of j. Its the definitive book on real estate during the bubble yearsand what happened when. If one is looking for wideranging analysis on the housing bubblecrisis, this most definitely is not your book.
Baglis new book, other peoples money, uses the sale of a major housing complex on manhattans lower east side, stuyvesant townpeter cooper village, to demonstrate how contemporary real estate speculators deploy international finance and local politics to. Please practice handwashing and social distancing, and check out our resources for adapting to these times. Other peoples money goodreads meet your next favorite book. As i read through the book, i get the distinct feeling that he is stacking the deck in his favor. Real estate giant tishman speyer and its partner, blackrock, lost billions of dollars when their muchvaunted purchase of stuyvesant townpeter cooper village. Charles baglis book about stuyvesant town and peter cooper village is called other peoples money. Its the definitive book on real estate during the bubble yearsand what happened. Charles bagli other peoples money stuy town the real deal. Other peoples money influenced both woodrow wilsons new freedom agenda and franklin roosevelts new deal. All the chapters of the book appeared as articles in harpers weekly between.
Inside the housing crisis and the demise of the greatest real estate deal ever made, author charles bagli examines the collapse through the lens of a single in a new. An exploration of the importance of clarity through calmness in an increasingly fastpaced world. About the author john kay is a visiting professor at the london school of economics and a fellow of st johns college, oxford. Morrison, et al has provided an excellent complement to nyts reporters book other peoples money in its explication of how the move by metlife to go faux upscale as they have attempted to convert stpcv and how it has impacted the devolution of this almost perfect community which was meant to be affordable for regular folks and is legendary in. Stuyvesant town and peter cooper village timeline of sale. In his new book, other peoples money, he tells the story of how the. Other peoples money and how the bankers use it 1914 is a collection of essays written by louis brandeis first published as a book in 1914, and reissued in 1933. Inside the housing crisis and the demise of the greatest real estate deal ever m ade ebook written by charles v. I will not hesitate to draw lessons from these industries. Finance is a business like any other, and should be judged by reference to the same principles the same tools of analysis, the same metrics of value that we apply to other industries, such as railways, or retailing or electricity supply. Bagli, a talented journalist, makes the streetlevel impacts of abstract global finance easily understood. In other peoples money john kay shows in his inimitable style what has gone wrong in the dark heart of finance. Mar 14, 20 bagli, whos been covering major new york real estate stories for the past quarter century, signed a deal with publisher dutton in 2010 for a book about the infamous stuy town deal, other peoples money. New york observer the reader interested in new york real estate history, its moneyed elites, or.
To be honest, when i started other people s money by justin cartwright, i wasnt sure that i was going to love it. Apr 15, 20 times reporter and stuy town expert charles bagli has turned his stuy town expertise into a book, other people s money. Bagli, the new york times reporter who first broke the story of the sale of stuyvesant townpeter cooper village takes listeners inside the most spectacular failure in real estate history, using this single deal as a lens to. The botched ny real estate deal that lost other people billions. The middleincome housing projects stuyvesant town and peter cooper village sit on an 80acre patch of lower manhattan. Other peoples money answers those questions while not only explaining the current recession in stark, clear detail, but also providing riveting, firstperson accounts of the titanic failure of the real estate industry to see that recession was coming. Bagli, the new york times reporter who first broke the story of the sale of stuyvesant town peter cooper village takes listeners 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. Everyday low prices and free delivery on eligible orders. Other peoples money king county library system overdrive. Peter thiel, hulk hogan, gawker, and the anatomy of intrigue, 2018, etc. Yet kay is no angry jeffersonian agrarian, but rather an. Book details mistakes that led to default on stuy town. Inside the housing crisis and the demise of the greatest real estate deal ever made by new york times real estate reporter charles v.
Oct 11, 2015 the charge is an old one that has taken on new relevance in the wake of the 2008 crisis. Its been said that journalism is the first draft of history, but with his upcoming book other peoples money, new york times reporter charles bagli writes the most authoritative account yet of the failed stuyvesant townpeter cooper village deal and the housing crises that rocked the world. The peter cooper village and stuyvesant town apartment complex is seen from. New york city housing projects stuyvesant town and peter cooper village came to epitomize the lunatic excess of the housing boom when their 11,232. Read other peoples money inside the housing crisis and the demise of the greatest real estate deal ever m ade by charles v. Baglis new book, other peoples money, uses the sale of a major housing complex on manhattans lower east side, stuyvesant townpeter cooper village, to demonstrate how contemporary real estate speculators deploy international finance and local politics to change the housing options of more ordinary city dwellers. Its very specifically about my hometown the stuyvesant town complex on the east side of manhattan, which borders first avenue to the west, the east river to the east, 20th street to the north, and 14th street.
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