The Coming Crash in the Housing Market: 10 Things You Can Do Now to Protect Your Most Valuable Investment

The Coming Crash in the Housing Market: 10 Things You Can Do Now to Protect Your Most Valuable Investment

4.8 5
by John R. Talbott
     
 

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Today's real estate market is a house of cards—learn what homeowners can do to prepare for its pending collapse

Soaring home prices and 50-year low interest rates have lulled homebuyers into a false sense of security. But plummeting consumer confidence and record-high personal debt threaten to blindside overextended homeowners and real estate investors.

Overview

Today's real estate market is a house of cards—learn what homeowners can do to prepare for its pending collapse

Soaring home prices and 50-year low interest rates have lulled homebuyers into a false sense of security. But plummeting consumer confidence and record-high personal debt threaten to blindside overextended homeowners and real estate investors.

The Coming Crash in the Housing Marketshows homeowners how to avoid owing more to lenders than their houses are worth—known as an "underwater" mortgage—and reveals commonsense steps for protecting one's assets when the bottom falls out.

In this compelling, well-documented book, renowned economic consultant John Talbot tells current and potential homeowners how to survive and thrive in tomorrow's world of slashed home values. He presents:

  • Convincing reasons why the housing market will likely crash within two years
  • Startling similarities between this and previous economic disasters

Product Details

ISBN-13:
9780071422208
Publisher:
McGraw-Hill Professional Publishing
Publication date:
05/19/2003
Edition description:
List
Pages:
204
Product dimensions:
6.00(w) x 8.90(h) x 0.70(d)

Meet the Author

John Talbott is an economic consultant who has authored academic papers on economic growth and development and made presentations on the subject to the governments of Russia, Jordan, and Qatar. A visiting scholar at the Anderson School at UCLA, Talbott is also a former vice president in the investment banking division of Goldman, Sachs, and Company.

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The Coming Crash in the Housing Market: 10 Things You Can Do Now to Protect Your Most Valuable Investment 4.7 out of 5 based on 0 ratings. 6 reviews.
Anonymous More than 1 year ago
Guest More than 1 year ago
The book certainly raises an eyebrow, however, a scientific basis is lacking. There are some graphs and whatnot that I don't dispute but the book is written with countless theoretical statements that lack references and data to support them. Therefore, I see this book as highly editorialized and based on conjecture. If you ask me if I'm changing my fundamental approach to home buying though I would say 'absolutely, what if he's right?'
Guest More than 1 year ago
John Talbott has hit the nail on the head! Homes are a false sense of security and alot of people will get hurt when rates begin to rise. John offers a non biased and unselfish point of view in regards to the housing market! John has been seen twice on CNBC, CNN twice,reviewed by the LA times, and even the Wall Street journal on June 4, 2003! Buy it! This book should be a best seller and be on everyones coffee table in America!!!
Guest More than 1 year ago
I have been waiting for this book to be written for over a year! My husband and I sold our home in November, 2002, and are now renting. To those family and friends who think we're nuts, I'm handing them this book!
Guest More than 1 year ago
I worked in the firm with John back in his Goldman era. Smart person. I was 3/4's through the book when it dawned on me that I hadn't made note of this intelligent author -- when I looked and saw John was the author it all made sense. His credentials are stellar and he synthesized much life experience into a great read. Will adapt my real estate behavior accordingly.
Guest More than 1 year ago
This author has very credible background. A strong deflation wave is hitting too many industries, housing is next. The current Freddie Mac accounting problem was mentioned in this book just before it happened.