A must read book: "Why the Real Estate Boom Will Not Bust - And How You Can Profit from It" !!!!

David Lereah's 2005 book Are You Missing the Real Estate Boom?: Why Home Values and Other Real Estate Investments Will Climb Through The End of The Decade—And How to Profit From Them was rereleased in February 2006 as Why the Real Estate Boom Will Not Bust—And How You Can Profit from It.

David Lereah, was the Chief Economist for the National Association of Realtors (NAR). Lereah served as the NAR's spokesman on economic forecasts, interest rates, home sales, mortgage rates, as well as other policy issues and trends affecting the United States real estate industry.

Business Week also captured David Lereah's most famous quote:

"The steady improvement in sales will support price appreciation... all the wild projections by academics, Wall Street analysts, and others in the media." David was Chief Economist at the National Association of Realtors (NAR) when he said this. The day was Jan 10, 2007, just as housing prices steadily worsened falling even farther than many skeptics had predicted.

On April 30, 2007 Lereach left his job as chief economist for the NAR.

Lereah's previous book was "The Rules for Growing Rich: Making Money in the New Information Economy" touting investment in technology company stocks.
It was published in June 2000 at the onset of the collapse of the dot-com bubble.

The guy has great timing!

If you enjoyed his first two books and invested your money in accordance with his suggestions you might want to read his latest book:



http://en.wikipedia.org/wiki/David_Lereah

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("Education Reform Guru and Housing Crash Pirate: two things that really go together!©"


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"The U.S. economy has become crippled by the credit and real estate catastrophe. Even though we've all been affected by the calamity and have heard no shortage of news about it, it still seems unfathomable and utterly incomprehensible to most people that the actions of certain mortgage brokers, bankers, ratings agencies, and investment banks could break the economic engine of the world.

Now, for the first time, and in terms everyone can grasp, noted analysts and value investing experts Whitney Tilson and Glenn Tongue explain not only how it happened, but shows that the tsunami of credit problems isn't over. The second wave has yet to come. But if you know catastrophe is looming, you can sidestep the train wreck-and even profit. You just need to understand how bad times present opportunity and where to look. More Mortgage Meltdown can help you achieve this goal. The book

* Breaks down the complex mortgage products and rocket-science securities Wall Street created
* Addresses how to find investment opportunities within the rubble and position your portfolio to take advantage of the crisis
* Explains exactly how the combination of aggressive lending, government missteps, and Wall Street trading practices created the perfect economic storm
* Shows you why the crisis is not yet over and what we can expect going forward

More Mortgage Meltdown can help you understand the events that have unfolded, and put you in a better position to profit from the opportunities that arise during these tough financial times. "


http://www.amazon.com/More-Mortgage-Meltdown-Profit-These/dp/product-description/0470503408

Try going to a bank for a loan to speculate in real Estate. :rofl:

I remember a day when real estate was about a home to live in, in a community to participate in. Now, like so much else, it's mostly a commodity.

Just guessing.

a prophet of doom. If he writes a book close to something you're into, run!

If he writes a book about you, well, give it up. it's all over.