The Path to Disaster
October 22, 2008
Inman News today released a late-breaking special report titled The Path to Disaster (PDF Download); which chronicles the demise of the housing market over the last few years.
From the report’s introduction:
We dug back in the Inman News archives for some forensic evidence that foretold the catastrophic demise of the boom days, for those clues — some subtle and some now painfully obvious — that this was all bound to happen.
The 10 articles presented here — originally published from 2003 to 2007 — offer discussions of ominous housing-bubble theories, the rise and the risks of subprime lending and unconventional mortgage products, skyrocketing home prices, overbuilding, the potential for a widespread credit crisis, and other contributors to the problems facing the housing and financial markets.
The lessons learned from the latest extreme run-up and burnout phases in the housing market will perhaps guide the industry and its regulators in efforts to reduce the fallout from future cycles.
Inman News Industry Special Reports are available FREE to Inman Members or as a one-time purchase of $79. Join now for instant access to our entire Special Reports library. Other recent reports include 100 Most Influential Real Estate Leaders.
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