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How to Profit from the Coming Real Estate Bust: Money-Making Strategies for the End of the Housing Bubble
The housing bubble is about to burst. Are you ready?
While the rest of the economy teeters on the edge of recession, home sales are booming and home prices are surging. Can this continue?
Not a chance. The housing market is hot because Americans-- apparently convinced that the good times will never end-- are borrowing record amounts of money to buy ever-larger homes. And we've learned to treat our existing homes like piggy banks, borrowing against our home equity to maintain our lifestyles. This boosts the economy but causes us to incur debts that will soon force us to stop spending. The result will be a deep recession, complete with declining home prices and a collapse in the value of housing-related stocks.
And that's the optimistic scenario! With mortgage, corporate, and government debt soaring, the bursting of the housing bubble might set off a chain reaction that wreaks 1930s-style havoc on stocks, the dollar, and real estate.
In clear, easy-to-understand terms, this book shows how real estate has become the latest in a long line of financial bubbles, how the bubble is likely to burst, and how you can both protect yourself and make money as the drama unfolds. You'll also
* Why all "cash" is not equally safe
* Why gold will soar as the dollar falls
* Which stocks will be casualties of the housing bust, and how to profit from their collapse
* How to ensure against-- and even profit from-- a decline in the value of your home
Whether you're worried about the value of your home, your stock portfolio, or your bank account, you'll find answers here. You can't stop what's coming, but you can turn it to your advantage.
While the rest of the economy teeters on the edge of recession, home sales are booming and home prices are surging. Can this continue?
Not a chance. The housing market is hot because Americans-- apparently convinced that the good times will never end-- are borrowing record amounts of money to buy ever-larger homes. And we've learned to treat our existing homes like piggy banks, borrowing against our home equity to maintain our lifestyles. This boosts the economy but causes us to incur debts that will soon force us to stop spending. The result will be a deep recession, complete with declining home prices and a collapse in the value of housing-related stocks.
And that's the optimistic scenario! With mortgage, corporate, and government debt soaring, the bursting of the housing bubble might set off a chain reaction that wreaks 1930s-style havoc on stocks, the dollar, and real estate.
In clear, easy-to-understand terms, this book shows how real estate has become the latest in a long line of financial bubbles, how the bubble is likely to burst, and how you can both protect yourself and make money as the drama unfolds. You'll also
* Why all "cash" is not equally safe
* Why gold will soar as the dollar falls
* Which stocks will be casualties of the housing bust, and how to profit from their collapse
* How to ensure against-- and even profit from-- a decline in the value of your home
Whether you're worried about the value of your home, your stock portfolio, or your bank account, you'll find answers here. You can't stop what's coming, but you can turn it to your advantage.
- GenresEconomics
288 pages, Hardcover
First published September 20, 2003
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March 18, 2012
This book by John Rubino, published in 2003, was remarkably prescient: in identifying an ongoing residential real estate bubble, then in its early- to middle-stages in the USA, predicting its bursting, and identifying investment opportunities through (among other tactics) shorting the shares of companies, such as mortgage lenders, mortgage insurance providers, and GSEs, that would be harmed by its bursting.
If there is a criticism, it is that Rubino was too prescient: the bubble didn't start bursting for another three years in most areas of the country. Anyone following his advice, in the years immediately following its publication, would have been swimming upstream against the tide for a long time. However ultimately - if they were truly patient investors - they would have come out well in the end.
If there is a criticism, it is that Rubino was too prescient: the bubble didn't start bursting for another three years in most areas of the country. Anyone following his advice, in the years immediately following its publication, would have been swimming upstream against the tide for a long time. However ultimately - if they were truly patient investors - they would have come out well in the end.
Displaying 1 of 1 review