Cover image for The coming crash in the housing market : 10 things you can do now to protect your most valuable investment
Title:
The coming crash in the housing market : 10 things you can do now to protect your most valuable investment
Author:
Talbott, John, 1955-
Personal Author:
Publication Information:
New York : McGraw-Hill, [2003]

©2003
Physical Description:
xi, 195 pages : illustrations ; 23 cm
General Note:
Includes index.
Language:
English
Contents:
The coming crash in the housing market. Housing prices certainly look awfully high. High relative to what? How much debt do you have? Why a crash is likely. A false sense of security. A regional or national problem? Similarities to other spectacular crashes. How will it begin? How bad can it get? Summary and conclusion -- And what you can do about it. Action item #1: Decrease your exposure to residential real estate. Action item #2: Move from a high-priced area to a lower-priced area. Action item #3: Manage your debt leverage better. Action item #4: Hedge your exposure to residential real estate. Action item #5: Plan now in case of major transition event. Action item #6: Examine other contingency plans. Action item #7: Maintain adequate insurance. Action item #8: Investigate bankruptcy protections now. Action item #9: Become more civically involved. Action item #10 Reassess your life's priorities.
ISBN:
9780071422208
Format :
Book

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Library
Call Number
Material Type
Home Location
Status
Central Library HD7293 .T36 2003 Adult Non-Fiction Non-Fiction Area
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Summary

Summary

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 Market shows 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


Author Notes

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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