Cover image for How to profit from the coming real estate bust
Title:
How to profit from the coming real estate bust
Author:
Rubino, John A.
Personal Author:
Publication Information:
[Emmaus, Pa.] : Rodale ; New York : Distributed to the book trade by St. Martin's Press, [2003]

©2003
Physical Description:
266 pages : illustrations ; 24 cm
Language:
English
Contents:
From the cave to the American castle -- Boom and bust -- Anatomy of today's bubble -- How it hits home -- Impact : global and local -- Derivatives, Fannies, and Freddies -- When the bubble pops -- Tales from the dark side -- Preserving your capital when the bubble bursts -- Making money when the bubble bursts -- Are you living in a bubble market? -- Your options -- Minimize your property taxes.
ISBN:
9781579548704
Format :
Book

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Library
Call Number
Material Type
Home Location
Status
Central Library HD255 .R83 2003 Adult Non-Fiction Non-Fiction Area
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Summary

Summary

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 thevalue 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 learn:

* 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.


Author Notes

John Rubino spent the 1980s as a Wall Street financial analyst and since 1990 has been a regular contributor to TheStreet.com, Individual Investor , Kiplinger's Personal Finance , Ziff Davis Smart Business , Consumer's Digest , On Investing , and many others. His first book, Main Street, Not Wall Street , was published by William Morrow in 1998. He is currently at work on a book about gold.


Reviews 1

Publisher's Weekly Review

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. (Sept.) (c) Copyright PWxyz, LLC. All rights reserved


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