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Informationen zum Autor Lynne P. Doti is the David and Sandra Stone Professor of Economics at Chapman University, USA. Klappentext California was at the epicentre of the collapse of the real estate market in 2008, which had a devastating effect on the world economy. Taking this diverse and powerful state as a case study, this book presents a financial history of the property business, from the time Spanish Missions were established to the Great Recession.Financing California Real Estate provides the history of expansions and contractions in the real estate market, and describes factors in the state and nation which may have triggered changes in the direction of growth in real estate lending. It explores how financial institutions which provided funding for building and buying homes changed over time, from the establishment of Spanish Missions in 1769, to the Gold Rush, to rail transportation, all the way through to the real estate bubble that peaked in 2005. Using detailed information on financial institutions to explain the changing nature of the real estate market, this book ultimately suggests an alternative theory for what led to the Great Recession.This book will be of interest to researchers working in the area of real estate cycles in the economy, historians interested in the economy of California, and financial historians. Zusammenfassung California was at the epicentre of the collapse of the real estate market in 2008, which had a devastating effect on the world economy. Taking this diverse and powerful state as a case study, this book presents a financial history of the property business, from the time Spanish Missions were established to the Great Recession. Inhaltsverzeichnis Introduction and Overview Importance of real estate cycles Data Sources Summary of California Real Estate Cycles Chapter 1 Serra’s Missions to Sutter’s Fort: to 1848 Chapter 2 Gold Rush to Land Rush: 1848-1855 Chapter 3 The Silver Boom and the Golden Spike: 1860-1880 Chapter 4 The Southern California Land Boom: 1881 – 1919 Chapter 5 Farming, Oil, Movies and Branch Banking: 1920-1932 Chapter 6 Depression and War: 1930 – 1945 Chapter 7 Postwar Housing Boom I: 1946 – 1965 Chapter 8 Postwar Boom Part II: 1965 to 1980 Chapter 9 Crisis, Crime and More Mortgages: 1981-1992 Chapter 10 Derivative Chaos: 1992 to 2008 Chapter 11 The Financial Crisis and the Future of California Real Estate Financing: 2008-2016 ...
