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15: The largest real estate developer in the world, Steve Ross

Onward, a Fundrise Production

CHAPTER

The Real Estate Crisis in the 70s and 80s

The banks were participating more unequally in the 70s and 80s. That changed real estate as much as anything. Every developer, no matter how big you were, suffered from that. Then the major developers were able to form REITs to survive. It shreds saw how much losses were attributed to real estate back there in the early 90s.

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