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The Tim Ferriss Show cover image

#407: Sam Zell — Strategies for High-Stakes Investing and Dealmaking

The Tim Ferriss Show

NOTE

Unique Factors of the 2008 Crisis

The 2008 crisis was unique because it was the first recession since World War II where real estate was not in oversupply at the beginning. Previous recessions were triggered by a surplus of real estate, but in 2008, the oversupply was limited to single-family houses, not commercial real estate. Additionally, the declining interest rates in 2008 reduced the motivation for lenders to quickly dispose of real estate assets, making distressed buy opportunities less attractive compared to previous cycles.

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