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Peter Linneman Of Linneman Associates

Talk about your contrarian views. Peter Linneman thinks a jobless recovery is not only necessary, it's normal. And he thinks that real estate types who bemoan the horrors of the recent recession and the attendant loss of jobs to places like India are displaying twin lapses of memory and imagination.

By John Salustri | Updated on February 26, 2004

Talk about your contrarian views. Peter Linneman thinks a jobless recovery is not only necessary, it’s normal. And he thinks that real estate types who bemoan the horrors of the recent recession and the attendant loss of jobs to places like India are displaying twin lapses of memory and imagination. Linneman, the Albert Sussman Professor of Real Estate, Finance and Public Policy at the University of Pennsylvania’s Wharton School of Business, is the keynoter of Real Estate Media’s RealShare Philadelphia, being held this week. The full range of Linneman’s outspoken views will be well represented then, and here’s a sampling of what lies in store for RealShare attendees.

GlobeSt.com: We just survived what was clearly an oddball recession. What do you feel are the oddest things about it?

Linneman: There are two things. First is that people are convinced that it was a terrible downturn.

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