The Collected Works of Author and Blogger Larry Roberts

Archive for 2008

What they are saying about The Great Housing Bubble "…the author has a background in real estate that's far removed from the sales process, he's able to step back and provide the sort of unemotional, macro-economic overview that seems quite atypical for a guide to investing in real estate. …Filled with 64 exhibits, 146 footnotes and a nine-page bibliography of source material, "The Great Housing Bubble" is probably not a casual read during a day at the pool or the beach. But for real estate professionals wanting to educate themselves or their clients on how to successfully build wealth through the buying and selling of real property, this author has a lot to teach." Patrick S. Duffy – Principal with…[READ MORE]

What they are saying about The Great Housing Bubble "The author does an excellent job in showing how various commercial and investment banks sought to create a speculative market for home loans by the process of securitization. The main tool was collateralized debt obligations (CDO'S).The idea is purely speculative since real estate is a nonliquid durable asset. The bundling and selling of trillions of dollars worth of the subprime backed bonds that were not only highly risky, but of uncertain value, created the bubble that deflated just as every other banker financed, speculative bubble has deflated in world history. The author does a good job in demonstrating that low interest rates were not the cause of the problem. The main…[READ MORE]

What they are saying about The Great Housing Bubble "The Great Housing Bubble is a fantastic resource for anyone looking to understand why home prices fell. The writing has exceptional depth and detail, and it is presented in an engaging and easy-to-understand manner. It is destined to be the standard by which other books on the subject will be measured. It is the first book written after prices peaked, and it is the first in the genre to detail the psychological factors that are arguably more important for understanding the housing bubble. There have been a number of books written while prices were rising that used measures of price relative to historic norms and sounded the alarm of an impending…[READ MORE]

What they are saying about The Great Housing Bubble "A very well-written and thoughtful analysis of what went wrong in the housing world and how we can avoid this problem in the future.  Lawrence Roberts has a great understanding of the subject and does an excellent job communicating his ideas to the reader.” Jim Randel – Best-selling author, Confessions of a Real Estate Entrepreneur What is a Bubble? A financial bubble is a temporary situation where asset prices become elevated beyond any realistic fundamental valuations because the general public believes current pricing is justified by probable future price increases. If this belief is widespread enough to cause significant numbers of people to purchase the asset at inflated prices, then prices will…[READ MORE]

What they are saying about The Great Housing Bubble "…The cover is perhaps the clearest representation of what Roberts' book really is: a clearly-communicated, often satirical, and at some points very stern, no-nonsense account of why home prices soared, fomenting the nation's housing bubble, leaving couples across the nation struggling to stay afloat on their mortgages. …In a market already flooded with books on the housing crisis, The Great Housing Bubble scores points by focusing on explanation and less on inundating a reader with the sort of heavy-handed quantitative analysis that only a few economists can love. While some figures are necessary, the book's message is never bogged down. Instead, Roberts presents multiple facets of the real estate market by…[READ MORE]

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