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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 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: John Rubino
Edition: First Edition
Binding: Hardcover
EAN: 9781579548704
Manufacturer: Rodale Books
Number of items: 1
Number of pages: 288
Product group: Book
Studio: Rodale Books
Publication Date: 2003-09-20
Publisher: Rodale Books
Pages: 288
ISBN: 1579548709