When the massive middle-class apartment complex Stuyvesant Town-Peter Cooper Village was sold in 2006, it was the biggest real estate deal in history -- $5.4 billion, most of which came from outside investors. But from Day One, the purchase had problems. Author Charles Bagli chronicles the sale and its aftermath in his new book Other People's Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made.
How the Biggest Real Estate Sale in History Went from Boom to Bust
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Credits
Guest:
Charles Bagli - New York Times
Host:
Warren Olney
Producers:
Anna Scott,
Kerry Cavanaugh,
Evan George