FIRREA two years later

Article Abstract:

The Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) was enacted to bail out the savings and loan industry. It was also designed to address the hyper-liquidity of the 1980s, when developers overbuilt real estate projects, causing an oversupply of commercial and residential spaces. Savings and loans banks were a major source of commercial real estate financing, and they became bankrupt when the oversupplied spaces could not be rented or sold. The Resolution Trust Corporation has, however, overreacted by severely restricting the liquidity of the real estate industry by clamping down on lending.

Finance, taxation, & monetary policy, Savings Institutions, Laws, regulations and rules, Finance, Powers and duties, Savings and loan associations, United States. Resolution Trust Corp.

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Public/private partnership needed to save US housing industry

Article Abstract:

The cooperation of the government and the private sector is needed in reviving the real estate industry. Inspite of favorable economic indicators, the industry may collapse, together with other industries closely connected with it. Remedial measures proposed to help the industry include using IRA funds for house downpayments, tax incentives to both developers and house buyers, the strengthening of savings and loans associations in order to resume lending to qualified developers and the streamlining of municipal approval procedures for real estate development.

United States, Management, Evaluation, Housing policy

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Reality of the seniors housing market

Article Abstract:

Congregate seniors housing failed during the 1980s even if the decade can be considered as significant for the seniors housing sector. When media gave much attention to the 1980 census indication that there will be an increasing number of old people in the US, businesses were urged to tap the opportunities presented by this trend. Unfortunately, the seniors market was overgeneralized. Challenges facing seniors housing in the 1990s are presented.

Aged, Analysis, Economic aspects, Demographic aspects, Senior citizens housing, Long-term care facilities, Long term care facilities, Housing forecasting

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