Description:
This book analyzes in a new way the causes of the current crash by showing how such events derive from real estate bubbles and their interactions with banks and other lenders.
- Analyzes the current crisis of the real estate crash and explains the recurring cycle which led to it
- Examines why frequent assessments are crucial to making the property tax an effective method of preventing speculative real estate bubbles
- Combines theoretical analysis with observed cycles of land speculation to demonstrate the impact on the modern economy
Review Quotes: "Gaffney has been publishing vital contributions to economics since his PhD dissertation in 1956." (Sun Life Financial, November 2009)