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There ought to be a law which would make it required reading for all real estate operators...

There are two books I consider essential reading for any student of the land cycle.

 

The first I have referenced previously. It’s The Coming Boom in Real Estate and What to do about it - written by Roy Wenzlick and published in the midst of the Great Depression in 1936.

 

Last year I wrote an edition dedicated to Roy Wenzlick (1894-1988).

 

I titled him - the greatest property forecaster that lived! You can find the edition in the Members Publications area of the website.

 

The other book that's essential reading of course, is One hundred years of land values in Chicago -Written in 1933 by Homer Hoyt.

 

Homer Hoyt, a pioneer in urban studies during the early 20th century, played a vital role in unravelling the mysteries of the 18-year land cycle.

 

In the 1930s, Hoyt conducted ground-breaking research that revealed a fascinating pattern in the ups and downs of urban development. He observed that cities experienced a cyclical ebb and flow in real estate values roughly every 18 years.

 

Hoyt's work was like decoding the secret language of cities.


He identified key factors such as transportation improvements, population shifts, and economic trends that contributed to the rhythmic rise and fall of real estate fortunes.

 

His findings not only fascinated academics but also became a valuable tool for city planners and real estate professionals, helping them anticipate and navigate the booms and busts of the land cycle.

 

In essence, Homer Hoyt's work wasn't just about bricks and mortar; it was about understanding the pulse of cities and how they evolve over time.

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