Housing and Modern Corporatism: Inside the Doomsday Machine explains 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, greedy (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.
Instructor: Dr. Mark David Major, AICP, CNU-A
Check here to purchase this course ($14.99), which includes an one-hour video presentation and PDFs of the course supplementary materials and slide handout.
Note: We are beta-testing with these initial course offerings so if you have any issues accessing the course material, please do not hesitate to contact us at firstname.lastname@example.org. Thank you!