How to Profit from the Coming Real Estate Bust: Money-Making Strategies for the End of the Housing Bubble (9781579548704): John Rubino
It’s Saturday! Time for Burbed’s book of the week. This week:
Amazon.com: How to Profit from the Coming Real Estate Bust: Money-Making Strategies for the End of the Housing Bubble (9781579548704): John Rubino: Books
How to Profit from the Coming Real Estate Bust: Money-Making Strategies for the End of the Housing Bubble (Hardcover)
~ John Rubino (Author) “The craving we all have for a place of our own probably dates back to the first hunter/gatherer who chased a bear from a cave…” (more)
Ride the housing crash to big gains, build recession-proof wealth, protect your biggest investment We are in the midst of uncertain economic times. Though there has been a slowdown in the economy, real estate is the one area that has continued to grow. Until now. According to financial expert John Rubino, a real estate crash is coming–and it’s going to be a bad one. Don’t be caught without the information you need to protect yourself and your nest egg. After all, your house is your single largest investment. In his incredibly timely book, industry veteran Rubino outlines: -The present U.S. real estate market and how it got this way -Statistics that indicate the coming dramatic market turn, including the increased use of cash-out mortgages and near-record levels of consumer debt -Consideration of the events that will inevitably follow the bursting of the bubble -Strategies for protecting yourself -Clear ways to profit from the crash How to Profit from the Coming Real Estate Bust is the essential how-to book to read if you want to survive, and benefit from, the upcoming crash.
Huh? What? Is this a repeat of last week’s book of the week?
Well… yeah. Pretty much! This was also printed in 2003… right before everyone became instant millionaires from Real Estate.
Let’s look at some customer reviews from 2003 to see what they had to say:
1.0 out of 5 stars Doom & Gloom, December 16, 2003
By A Customer
This is just another doom and gloom book designed to scare you into buying it. The author forgets about the basic law of supply and demand and what drives prices – scarcity. And there is strong demand and little supply of housing in San Diego and other popular West Coast cities. Further, the author ignores the projections of increasing population for California which will keep real estate prices high. Values won’t keep going up forever, but they’re not going to crash either. The “Golden State” is still golden and everyone wants to live here.
Yep. Who was right! Who was wrong!
It’s hard to predicting the future, but here’s a surefire win: you can help this site out! Click this link to learn more!
November 21st, 2009 at 11:14 am
Ride the crash all the way to the bottom is more like it, I talk to a ton of people who are losing equity like an arterial bleed, I tell them to stop paying now, save their money for the year+ it takes the banksters to kick ‘em out, and put that money into preps. Preps = beans and bullets, essentially.
Chances are in another year, things will be enough *more* collapsed that the house will be theirs indefinitely, but that’s where the bullets come in, we don’t have to all shoot gov’t goons and banksters and their lackeys, but enough of us have to shoot enough of them to convince ‘em it’s not worth it.
November 21st, 2009 at 11:28 am
I don’t condone anarchy. No one is entitled to that house if they haven’t paid for it.
November 21st, 2009 at 12:05 pm
Alex, those houses are paid for with our tax money, read the news a little willya?
November 21st, 2009 at 12:46 pm
If those houses are paid with tax money, then it should go back to us collective taxpayers. The “owner” abused the system and deserves nothing at all.
November 21st, 2009 at 1:35 pm
Right – that’s what I”m saying. Stay in your house and give the goons a bullet in the head.
November 21st, 2009 at 3:43 pm
What regular-Alex is saying though, is that it isn’t “your” house if you haven’t paid for it. Those people don’t deserve to stay there and have no grounds for defending property that isn’t rightfully theirs in the first place.
November 21st, 2009 at 3:59 pm
Er, you make at least several payments on it, then the banksters and their goons want to take it, you kill ‘em. Even one payment makes you more of an owner than the banksters are.
Very simple. At least we agree.
November 21st, 2009 at 5:05 pm
It’s not your house until you’ve paid it off. If you’ve only made a few payments, you own only a fraction of that house. The bank is the primary owner.
What you’re proposing is nothing more than theft. If those banks are getting bailed out, then ownership of that house should revert to the American taxpayers, not the schmuck who made a few payments.
November 21st, 2009 at 9:47 pm
The bank doesn’t own it either, they loan the money into existence, split the mortgage up into a million little slices to sell all over the world, to people getting US tax money (bailouts and buyoffs) the best measure of ownership is who lives in the house, people living in a house should be prepared to defend against home invaders, criminal gangs, etc. Lethally. This includes the banksters’ goons.
November 21st, 2009 at 9:50 pm
Actually once prices fall that much the govt. goons and lackeys won’t *want* the houses – look at Detroit. they’ll be happy to get something resembling property taxes or a modest rent from the “owners.” the bullets will be for defending oneself against the hungry hordes.
November 21st, 2009 at 11:04 pm
UnrealAlex,
Then by that definition, whoever owns the mortgage, owns the house. Certainly not the douches who overextended themselves or used their house as an ATM. Making a few payments does not entitle them to the property. Using your logic, why continue paying any mortgage after a few months?!
oh, I’m sorry. You don’t have any logic.
November 21st, 2009 at 11:58 pm
hey UnrealDreamT, can you chime in so that I can disagree with myself?
November 22nd, 2009 at 11:20 am
#10 BINGO.
DreamT, it’s funny, there are about 3 Alex’s on here, I’m actually an Alex, but we already had Alex and Real Alex, that left me with UnrealAlex and I admit, there’s quite an unreal feeling to this brave new Depression world.
RE: It’s safe as helicopters!