A “For Sale” sign hangs outside a home in New York’s Brooklyn area. According to a triennial study by the Federal Reserve called Survey of Consumer Finances, the average American family's net worth dropped almost 40 per cent between 2007 and 2010, mainly as a result of crashing real estate prices. Photo: AFP
Opinion
Opinion
Concrete Analysis
The real estate investment industry’s most important lessons from 2007’s financial crash
Risk, particularly, must never again come at the expense of responsible investment
A “For Sale” sign hangs outside a home in New York’s Brooklyn area. According to a triennial study by the Federal Reserve called Survey of Consumer Finances, the average American family's net worth dropped almost 40 per cent between 2007 and 2010, mainly as a result of crashing real estate prices. Photo: AFP