From Boom to Bubble

Name: From Boom to Bubble
Brand: Unknown
SKU: 9780226826592
Price: 72.99 NZD
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How Finance Built the New Chicago

By Rachel Weber

Summary

From Boom to Bubble by Rachel Weber offers a groundbreaking historical, sociological, and geographic analysis of property markets and their failures. Challenging the notion that booms only happen in growing cities, Weber reveals how overbuilding occurred in Chicago during the early 2000s despite employment and population declines. The book explains how financial incentives and the influx of cheap cash, facilitated by complex financial instruments, transformed modest demand into speculative bubbles, impacting urban development and the expansion of Chicago's Loop.
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Format: Paperback / softback

$72⁹⁹

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From Boom to Bubble

$72⁹⁹

Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book is ideal for readers interested in urban planning, real estate markets, economic geography, and the financial dynamics shaping cities. It suits scholars, students, policymakers, and professionals involved in urban development and economic studies.

Description

An unprecedented historical, sociological, and geographic look at how property markets change and fail—and how that affects cities.

In From Boom to Bubble, Rachel Weber debunks the idea that booms occur only when cities are growing and innovating. Instead, she argues, even in cities experiencing employment and population decline, developers rush to erect new office towers and apartment buildings when they have financial incentives to do so.

Focusing on the main causes of overbuilding during the early 2000s, Weber documents the case of Chicago’s “Millennial Boom,” showing that the Loop’s expansion was a response to global and local pressures to produce new assets. An influx of cheap cash, made available through the use of complex financial instruments, helped transform what started as a boom grounded in modest occupant demand into a speculative bubble, where pricing and supply had only tenuous connections to the market.

From Boom to Bubble is an innovative look at how property markets change and fail—and how that affects cities.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Praised by experts like Joel Rast and Robert W. Lake, the book is celebrated for making complex urban political economy and financialisation issues accessible to both academics and wider audiences. It is recognised as a significant contribution that deepens understanding of global finance's role in shaping cities and solidifies Weber's reputation as a leading scholar in urban studies.

Book Details

INFORMATION

ISBN: 9780226826592

Publisher: The University of Chicago Press

Format: Paperback / softback

Date Published: 05 June 2023

Country: United States

Imprint: University of Chicago Press

Illustration: 21 halftones, 5 line drawings, 10 tables

Audience: Tertiary education

DIMENSIONS

Spine width: 20.0mm

Width: 152.0mm

Height: 229.0mm

Weight: 399g

Pages: 296

Collections

Education & Reference Finance & Economics Finance & Investment Non-Fiction Rachel Weber

About the Author

Rachel Weber is professor in the Urban Planning and Policy Department and a faculty fellow at the Great Cities Institute at the University of Illinois at Chicago. She is the author of Swords into Dow Shares: Governing the Decline of the Military Industrial Complex and coeditor of the Oxford Handbook for Urban Planning. She was appointed to the Tax Increment Financing Reform Task Force by Chicago Mayor Rahm Emanuel.