I strive to understand what creates opportunities—and challenges—for real estate investment and sustainable community development. You may learn about my background at http://www.urbanexus.com/about-h-pike-oliver/. Please note that some links may take you to material that is behind a paywall.
The financial crisis a decade later
The demise of Lehman Brothers on September 15, 2008 and the near collapse of AIG the following day sent devastating shockwaves throughout the global financial system. Here are a several articles and a podcast that review what took place and assess where we are ten years after this financial crisis that continues to affect real estate, especially housing.
Uncle Sam didn’t take long to change his mind. One day after watching the market fallout from its decision to let Lehman fail, the government saved the insurance giant AIG, which, it was deemed, truly was too big to fail.
Former Federal Reserve Chairman Ben Bernanke’s research, which is rooted in quantitative analysis of how the 2007-2009 financial crisis affected the economy, argues that the housing bust, while significantly damaging, can’t on its own explain why the Great Recession was so bad.
For Portland, Ore., developer and architect Ben Kaiser, the future of architecture and high-rise construction lies in wood. “To make an impact around environmentally conscious construction, you have to start with the big idea,” he says.
Driverless cars and trucks—or autonomous vehicles (AV)—offer a tantalizing promise of safer and unclogged roadways. Cars that drive themselves could reduce crashes to a small fraction of today’s totals, while moving people about more efficiently, in larger groups and at faster speeds.