Authors & Events
Sep 20, 2003
| ISBN 9781609612924
Sep 20, 2003 | ISBN 9781609612924
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 homeWhether 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.
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,… More about John Rubino
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