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The great reset and a foxy futurist view of the future
 

The great reset and a foxy futurist view of the future

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The 1930's will forever be known as the Great Depression. This period we are in now will be known as the Great Recession. The World economy and Industries are in a period of RESET. The Building and ...

The 1930's will forever be known as the Great Depression. This period we are in now will be known as the Great Recession. The World economy and Industries are in a period of RESET. The Building and Property market is no exception - perhaps it is even the forerunner for all industries. World wide the period 2000 - 2007 was characterised by the STORY that you cannot go wrong in investing in PROPERTY. Then the greed of investment bankers resulted in irrational exuberance and the subprime market presaged the bursting of the property bubble. Now the story has changed, and property ownership is being discredited. Rental is advocated as preferential to ownewrship. The Banks have lost their appetite for long-term lending and mortgage advances have dropped precipotously. The Building Industry has suffered the same fate. An Industry that doesn't have a story to tell will have one imposed on it - and it will be very difficult to reverse. There will be unintended consequences and leaders in the industry must promote building as an engine for growth and wealth creation and property as a preferred investment.

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  • According to bestselling Author Richard Florida (The Great Reset: How new ways of living and working drive post-crash prosperity: 2010) we tend to view prolonged economic downturns, such as the Great Depression of the 1930s and the Long Depression of the late nineteenth century, in terms of the crisis and pain they cause. However, history teaches us that these great crises also represent opportunities to remake our economy and society and to generate whole new eras of economic growth and prosperity. In terms of innovation, invention and energetic risk-taking, these periods of creative destruction have been some of the most fertile in history and the changes they put into motion can set the stage for full-scale recovery.
  • In The Great Reset, best-selling author and economic development expert Richard Florida, provides an engaging and sweeping examination of these previous economic epochs, or resets. He distills the deep forces that have altered physical and social landscapes and eventually reshaped economies and societies. Looking toward the future, Florida identifies the patterns that will drive the next Great Reset and transform virtually every aspect of our lives – from how and where we live, to how we work, to how we invest in individuals and infrastructure, to how we shape our cities and regions. Florida shows how these forces, when combined, will spur a fresh era of growth and prosperity, define a new geography of progress and create surprising opportunities for all of us.