Alyssa Katz » Treasury http://alyssakatz.com From the author of Our Lot: How Real Estate Came to Own Us Mon, 19 Sep 2011 02:32:40 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Can the bubble’s wounds be healed? http://alyssakatz.com/blog/can-the-bubbles-wounds-be-healed.html http://alyssakatz.com/blog/can-the-bubbles-wounds-be-healed.html#comments Tue, 12 Jan 2010 11:03:50 +0000 Alyssa Katz http://alyssakatz.com/?p=623 New from me, in the Jan/Feb American Prospect: A look at why reversing the damage caused by urban real estate speculation in the bubble will be easier said than done.

Short answer: Treasury and the FDIC don’t want to force already-teetering banks to take losses. But that leaves cities like New York littered with buildings their owners can’t afford to maintain (or even finish) – and anyone living in or near these structures watching them decay.

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