This book analyzes in a new way the causes of the current crash by showing how such events derive from real estate bubbles and their interactions with banks and other lenders.

• Analyzes the current crisis of the real estate crash and explains the recurring cycle which led to it
• Examines why frequent assessments are crucial to making the property tax an effective method of preventing speculative real estate bubbles
• Combines theoretical analysis with observed cycles of land speculation to demonstrate the impact on the modern economy