From Publishers Weekly
Positing that "the longer-lived an economic expansion, the deeper the resulting recession," Rubino (Main Street, Not Wall Street) argues that the housing bubble, like other investments, will soon pop. He explains that as stock prices fell in 2001, housing became the safe bet for American investors; but the very factors (i.e., low interest rates) that helped the housing boom will soon change directions. In such chapters as "Bubbles: Past, Present, Future, Foreign," Rubino lays out the last century's history of real estate ups and downs, both throughout the U.S. and in other countries. From here, with handy graphs and charts, he sets out a clear course for homeowners and investors to plan for the future. His solution? He recommends "shifting into reverse, financially speaking, and doing the opposite of what worked in the in 1990s." One way to effect such a reversal is, basically, to convert riskier investments into "cash" (e.g., money markets, bank CDs, and Treasury notes). While Rubino paints a worrisome picture of the future, he does offer readers useful tools and solid plans for preparing for it.
Copyright 2003 Reed Business Information, Inc.
Copyright 2003 Reed Business Information, Inc.
Book Description
Ride the housing crash to big gains, build recession-proof wealth, protect your biggest investment We are in the midst of uncertain economic times. Though there has been a slowdown in the economy, real estate is the one area that has continued to grow. Until now. According to financial expert John Rubino, a real estate crash is coming--and it's going to be a bad one. Don't be caught without the information you need to protect yourself and your nest egg. After all, your house is your single largest investment. In his incredibly timely book, industry veteran Rubino outlines: -The present U.S. real estate market and how it got this way -Statistics that indicate the coming dramatic market turn, including the increased use of cash-out mortgages and near-record levels of consumer debt -Consideration of the events that will inevitably follow the bursting of the bubble -Strategies for protecting yourself -Clear ways to profit from the crash How to Profit from the Coming Real Estate Bust is the essential how-to book to read if you want to survive, and benefit from, the upcoming crash.
