Nonfiction Housing

There was no single, dramatic event that set the current financial crisis off. A whole series of very questionable decisions by many people, in many places, over a period of years, built up the pressures that led to a sudden collapse of the housing market and of financial institutions that began to fall like dominoes as a result of investing in securities based on housing prices. This book is designed to unravel the tangled threads of that story.

Since the East India Company merged seven islands into Bombay (now Mumbai), change has been constant-but now it is used as a weapon for displacement, disguised as development. Slums are erased overnight to make way for luxury towers priced in tens of crores. The working class is pushed to the...