Global Property Outlook and Role of Real Estate in the European Financial Crisis

Fall 2011, Vol. 36, No. 2 Abstract: This article traces the relationship between real estate and the global financial crisis (GFC), and the failure of financial regulators and central bankers to understand the dangers of asset price bubbles. A skeptical note is introduced about the ability of Basel III on its own to reduce the likelihood… Read more

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Resource Review: When the Boomers Bail: A Community Economic Survival Guide

Fall 2011, Vol. 36, No. 2 Abstract: The book is about baby boomers and much, much more. It is about the fundamental economics of our communities and how we are going to prepare for the Inverted Labor Market Curve. Lautman’s premise is, says reviewer Mary Bujold, CRE, that if a community is not growing its economy… Read more

Public-Private Partnerships: Lessons From Military Housing

Fall 2011, Vol. 36, No. 2 Abstract: This column, by author Sandy Apgar, IV, CRE, was originally published in the Baltimore Sun in August 2011 under the title ‘How the Army Saved Big Bucks.’ In it he praises a U.S. Army program called Residential Communities Initiative (RCI), an initiative that develops military “cities” that combine housing,… Read more

Asian Tigers and Lion Kings

Fall 2011, Vol. 36, No. 2   Abstract: Would you like to value property in China or Africa? If you answer “no,” you’ll miss the fastest-growing areas of the globe. Although the growth of China has been widely reported, less recognized is the rapid development of Africa. Both the Chinese and African economies are closely intertwined,… Read more

Turkey: Modernizing through Mall Development

Fall 2011, Vol. 36, No. 2 Abstract: Turkey is a nation that has—both literally and figuratively—one foot in Europe and the other in Asia. More specifically, Turkey straddles the boundary between Europe and the Middle East. The contrasts between Turkey and Europe in terms of lifestyle, education and affluence are growing dimmer while their respective economies… Read more

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Seller Beware: The Impact and Consequences to Date of Asian Investment in Metro Vancouver’s Real Estate Market

Fall 2011, Vol. 36, No. 2 Abstract: No city on Earth’s residential real estate market has been more affected by a targeted and concentrated Asian investment, particularly that from China, than Vancouver, British Columbia.While only the perspective of time will define the consequences of this growing control over large segments of the region’s housing markets, its impact on affordability and the region’s overall economy is not positive.... Read More