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Rachel Weber is associate professor in the Urban Planning and Policy Department and a faculty fellow in 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 a member of the Urban Policy Advisory Committee for then-presidential candidate Barack Obama and appointed to the Tax Increment Financing Reform Task Force by Chicago Mayor Rahm Emanuel.
"From Boom to Bubble is a careful, convincing, and very readable
account of how the real estate bubble that fueled the Great
Recession happened, and Weber indicates, could well happen again.
Weber builds a case for how all the stakeholders in the process -
developers, mortgage brokers, real estate brokers, appraisers,
building managers, real estate lawyers, permit expediters, mayors,
and planners - face incentives to fuel a boom to such an extent
that it becomes a bubble, with real estate investment continuing
unabated even when demand no longer exists and vacancy rates are
high."-- "Planning Perspectives"
"Weber gives us a compelling book that cements her reputation as
one of the top urban planners in the field of urban political
economy. Her sophisticated and nuanced understanding of complex
systems like global finance and real estate markets is conveyed
easily and accessibly to those both inside and outside of academia.
From Boom to Bubble is a major contribution, one that will most
certainly be widely read and discussed for years to come."-- "Joel
Rast, University of Wisconsin-Milwaukee"
"Weber offers an innovative and valuable approach, contributing
important new insights and understanding to a multidisciplinary
audience. From Boom to Bubble will be widely read as it contributes
to the long standing and enduring scholarly focus on Chicago as the
paradigmatic city and as a timely explication of financialization,
the defining moment of the twenty-first century. Weber has an
extraordinary depth of knowledge and she writes in an engaging and
readable style that explains complex material in an accessible and
understandable manner. This book solidifies Weber's position as one
of the leading scholars of the urban built environment."-- "Robert
W. Lake, Rutgers University"
"Weber's From Boom to Bubble will appeal to planners, geographers,
sociologists, political scientists, and historians who appreciate a
critical perspective on global real estate and capital flows and
those who study global financial crises. This is outstanding
scholarship, and offers deep insights into the dynamic real estate
markets of this Millennial era."-- "Journal of the American
Planning Association"
"Weber's recent book offers a landmark contribution to the
scholarship of urban studies. Written in a sharp and vivid style,
and drawing from an intimate knowledge of Chicago, From Boom to
Bubble constitutes an impressive work. Combining empirically-rich
material with theoretically-informed research, Weber achieves the
feat of bringing a strikingly new perspective to the much-debated
question of why urban development is prone to overbuilding."--
"Planning Theory and Practice"
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