What has changed as a result of the great recession? Have institutional arrangements, expectations, relative risk preferences, financial decision making, asset valuation and pricing, regulatory policies and frameworks, and/or other elements of the real estate system changed and, if so, in what ways? A common complaint about real estate is that lessons either are not learned or such learning and related best evidence are not widely circulated, especially between the academic and practicing professional camps. One reason for this complaint is that such research, whether developed by the academic or professional community, appears episodically over an extended period of time in scattered sources and its collective impact is diminished. In order to address these questions and concerns, this ebook provides a collection of papers in one place and at one point in time addressing the great recession and its impacts.
