Politicians, bureaucrats, home buyers and housing activists are at it again. History is repeating itself right in front of us, and if we do nothing to stop the volatility in real estate markets, we risk the impending doom of the next housing collapse. Industry experts John Agostinelli and Chris Michaud had front row seats during the Great Recession. They witnessed the nonsensical lending practices that blew up the bubble and created disastrous consequences for government endorsed loans, and hurt low to moderate income people and the communities they lived in. Not only did government create the problem, their reaction to the crisis made matters worse.
So what now? How do we prevent this from happening again?
Easy Money and the American Real Estate Ponzi Scheme reveals:
• How to determine where prices are heading
• The whole truth about the causes of the real estate bubble
• Why the real estate cycle is important to you
• How to make better real estate decisions that affect your pocketbook
• What needs to be done to restore the American Dream
With keen insights and a no-holds-barred style, this in-depth examination of the real estate market is a cry for action because—without change—we are headed towards another calamity. Readers will learn about the need to revamp Dodd-Frank, how to stop incentivizing debt and risk, put an end to our National bailout mentality and return to the days of achieving the American Dream as our forefathers had envisioned. Now is the time to stop the nation’s addiction to “Easy Money,” and blow the whistle on corruption so that our children’s standard of living does not disappear.
|Product dimensions:||6.00(w) x 9.00(h) x 0.56(d)|
About the Author
@AgostinelliJohn www.linkedin.com/in/agostinellijohn www.pinterest.com/johnagostinelli/
Chris Michaud is a 30+ year veteran of the real estate business as a real estate investor, broker and industry insider with some lobbying experience at the state and national level. He's a sought after guest speaker and author. He was a past state REALTOR President-elect, an investor coach and trainer of the RealInvest Profit System.
Table of Contents
Acknowledgements 4 Foreword-Trey Garrison 9 Introduction 13 Chapter One: Front Row Seats in the Age of Destruction 21 Chapter Two: What We Saw in Our Market 30 Chapter Three: The Real Estate Cycle 45 Chapter Four: Dysfunction Junction 51 Chapter Five: The Federal Reserve 71 Chapter Six: Malfeasance and Malpractice 77 Chapter Seven: Desperate Times, Disparate Measures 94 Chapter Eight: Politics as Usual 108 Chapter Nine: Too Big, So Bail? 130 Chapter Ten: Mission Creep 153 Chapter Eleven: Government-Sponsored High-Risk Mortgages 175 Chapter Twelve: The Fall Out 188 Chapter Thirteen: Other Forces Affecting Housing 204 Chapter Fourteen: Is Owning a Home a Good Financial Investment? 217 Chapter Fifteen: Money Was Easy- The Lessons Are Hard 229 Chapter Sixteen: Parting Thoughts 241 Expert Interviews and Insights 246 about the authors 256 Appendix A 258