Book Description
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
Book Info
Text examines the dangers homeowners face in today's climate of overpriced housing and overextended credit. Provides an analysis of the economic perils of owning or purchasing a home today, and discusses ten steps homeowners can take to protect themselves. Softcover.
From the Back Cover
Strategies to Protect Your Most Important Investment In Today's Dangerously Overpriced Housing Market
Soaring home prices, combined with 50-year low interest rates, have lulled U.S. homebuyers into a false sense of security. But current economic conditions, combined with the actions of overly aggressive lenders, leave the housing market ripe for a major crash. The Coming Crash in the Housing Market is the first rational, unbiased examination of the dangers homeowners face in today's climate of overpriced housing and overextended credit. Asking and answering questions that have for too long been ignored, respected economic consultant John Talbott provides: Clear-eyed and convincing analysis of the economic perils of owning or purchasing a home today Ten steps homeowners can--and should--take immediately to protect themselves
Are you among the millions of Americans who lost thousands in the tech-stock crash of 2000? Do you wish somebody had said something about the dangers of staking your future on overpriced, risky investments? Today's housing market faces a similar crisis, and John Talbott is saying something about it. Find out about the price risks inherent in home ownership in today's economy, and steps you can take to protect yourself and your family from financial hardship, in Talbott's cautionary but convincing The Coming Crash in the Housing Market.
About 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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