The course explains the basic economic principles and tools at work in the housing market during the post-war period in the United States with an emphasis on the cumulative origins and causes of the 2008 financial crisis. The course covers the role of: purposefully opaque financial instruments; mistakes in political and regulatory policy; naked greed (even fraudulent and/or corrupt) self-interest in the marketplace; and the unspoken, self-deluding assumptions underlying the housing and real estate market, which collectively sparked the Great Recession from 2008 until ‘to be determined’. The course is tailored for architecture, urban design and planning professionals, students, and others engaged in creating built environments to better understand the impact of these often unseen, poorly understood forces at work on their livelihood and the future of our cities (2.0 hour course).
Key concepts: capitalization, credit, money, housing, mortgage bonds, reserve currency, securitization, value.
Includes a two-hour video presentation and PDFs of the course supplementary material and slide handout.
Please note there may be a delay for a couple of hours before you might be able to access the course because we have to confirm receipt of payment for each order before completing the purchase.
About the Instructor
Dr. Mark David Major, AICP, CNU-A is an architect and planner with extensive experience in urban planning and design, business management and real estate development, and academia. He is a Professor of Urban Design at the Savannah College of Art and Design. Mark has been a visiting lecturer at the University of Florida, Georgia Tech, Architectural Association in London, the University of São Paulo in Brazil, and Politecnico di Milano in Italy.