Join Amazon Prime and ship Two-Day for free and Overnight for $3.99. Already a member? Sign in.

The Coming Crash in the Housing Market and over 300,000 other books are available for Amazon Kindle � Amazon�s new wireless reading device. Learn more

Quantity:

More Buying Choices

102 used & new from $0.01

Have one to sell? Sell yours here

Share with Friends

Share your own customer images

Search inside this book

Start reading The Coming Crash in the Housing Market on your Kindle in under a minute. Don�t have a Kindle? Get yours here.

The Coming Crash in the Housing Market : 10 Things You Can Do Now to Protect Your Most Valuable Investment (Paperback)

by John R. Talbott (Author) "The first three rules of real estate are expressed as ""location, location, and location.""..." (more)
Key Phrases: apartment building prices, housing prices relative, housing crash, Fannie Mae, Freddie Mac, San Francisco (more...)

3.5 out of 5 stars See all reviews (61 customer reviews)

List Price:	$14.95
Price:	$13.45 & eligible for FREE Super Saver Shipping on orders over $25. Details
You Save:	$1.50 (10%)
	o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o

Upgrade this book for $1.49 more, and you can read, search, and annotate every page online. See details

In Stock.
Ships from and sold by Amazon.com. Gift-wrap available.

Only 1 left in stock--order soon (more on the way).

Want it delivered Monday, July 20? Choose One-Day Shipping at checkout. Details

42 new from $1.90 59 used from $0.01 1 collectible from $4.95

Also Available in:	List Price:	Our Price:	Other Offers:
Kindle Edition (Kindle Book)		$9.99

Frequently Bought Together

Customers buy this book with Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics (Economics in the Obama Presidency) by John R. Talbott

Price For Both: $26.67

Show availability and shipping details

This item: The Coming Crash in the Housing Market : 10 Things You Can Do Now to Protect Your Most Valuable Investment by John R. Talbott
In Stock.
Ships from and sold by Amazon.com.
Eligible for FREE Super Saver Shipping on orders over $25. Details
Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics (Economics in the Obama Presidency) by John R. Talbott
In Stock.
Ships from and sold by Amazon.com.
Eligible for FREE Super Saver Shipping on orders over $25. Details

Customers Who Bought This Item Also Bought

Sell Now!: The End of the Housing Bubble

by John R. Talbott

3.8 out of 5 stars (21) $10.17

Contagion: The Financial Epidemic That is Sweeping the Global Economy... and How to Protect Yourself from It

by John R. Talbott

4.6 out of 5 stars (24) $16.47

How to Profit from the Coming Real Estate Bust: Money-Making Strategies for the End of the Housing Bubble

by John Rubino

4.1 out of 5 stars (29) $16.47

Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)

by Peter D. Schiff

4.4 out of 5 stars (320) $18.45

The Great Bust Ahead: The Greatest Depression in American and UK History is Just Several Short Years Away. This is your Concise Reference Guide to Understanding Why and How Best to Survive It

by Daniel A. Arnold

3.7 out of 5 stars (55) $8.95

› Explore similar items

Editorial Reviews

Review
"Is This House Worth USD1.2 Million? No, we don't have a housing bubble yet. But if the frenzy doesn't end soon, we will. Then, watch out"---Cover Story, Fortune, 10/28/2002

Product Description

Today's real estate market is a house of cards--learn what homeowners can do to prepare for its pending collapse

Soaring home prices and 50-year low interest rates have lulled homebuyers into a false sense of security. But plummeting consumer confidence and record-high personal debt threaten to blindside overextended homeowners and real estate investors.

The Coming Crash in the Housing Marketshows homeowners how to avoid owing more to lenders than their houses are worth--known as an "underwater" mortgage--and reveals commonsense steps for protecting one's assets when the bottom falls out.

In this compelling, well-documented book, renowned economic consultant John Talbot tells current and potential homeowners how to survive and thrive in tomorrow's world of slashed home values. He presents:

Convincing reasons why the housing market will likely crash within two years
Startling similarities between this and previous economic disasters

See all Editorial Reviews

Product Details

Paperback: 204 pages
Publisher: McGraw-Hill; 1 edition (April 28, 2003)
Language: English
ISBN-10: 007142220X
ISBN-13: 978-0071422208
Product Dimensions: 8.8 x 6 x 0.7 inches
Shipping Weight: 11.4 ounces (View shipping rates and policies)

Average Customer Review: 3.5 out of 5 stars See all reviews (61 customer reviews)

Amazon.com Sales Rank: #433,136 in Books (See Bestsellers in Books)

Would you like to update product info or give feedback on images?

Inside This Book (learn more)

First Sentence:
"The first three rules of real estate are expressed as ""location, location, and location.""" Read the first page

Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
apartment building prices, housing prices relative, housing crash, home prices decline, implied government guarantee, qualifying formula, high home prices, mortgage interest deductibility, new homebuyers, quasi agencies, book equity, debt leverage, mortgage industry, mortgage business, physical house, housing market, mortgage debt

Key Phrases - Capitalized Phrases (CAPs): (learn more)
Fannie Mae, Freddie Mac, San Francisco, Wall Street, New York, Action Item, Federal Reserve, National Association of Realtors, San Diego, United States, Census Bureau, Existing Home Sales Survey, San Jose, Fed Funds, Ginnie Mae, Los Angeles Area, Orange Cnty, Santa Ana, Federal Housing Finance Board, Kansas City, Las Vegas, New Jersey, Oklahoma City, Pompano Beach, San Bernardino

New!
Books on Related Topics | Concordance | Text Stats

Citations (learn more)

This book cites 2 books:

Kansas City : An American Story by Rick Montgomery on page 86
Bowling for Columbine by Michael Moore on page 180

Books on Related Topics (learn more)

Mortgages For Dummies, 2nd Edition by Eric Tyson

Discusses:

Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities by Lakhbir Hayre

Discusses:

Secrets of the Temple by William Greider

Discusses:

A Survival Guide for Buying a Home by Sid Davis

Discusses:

What Do Customers Ultimately Buy After Viewing This Item?

	40% buy the item featured on this page: The Coming Crash in the Housing Market : 10 Things You Can Do Now to Protect Your Most Valuable Investment 3.5 out of 5 stars (61) $13.45
	29% buy Contagion: The Financial Epidemic That is Sweeping the Global Economy... and How to Protect Yourself from It 4.6 out of 5 stars (24) $16.47
	12% buy Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics (Economics in the Obama Presidency) 3.9 out of 5 stars (16) $13.22
	11% buy Sell Now!: The End of the Housing Bubble 3.8 out of 5 stars (21) $10.17

Explore similar items

Tags Customers Associate with This Product

(What's this?)

Click on a tag to find related items, discussions, and people.

credit crisis(1)

economics(1)

housing crisis(1)

investing(1)

preparedness(1)

real estate(1)

Help others find this product — tag it for Amazon search

No one has tagged this product for Amazon search yet. Why not be the first to suggest a search for which it should appear?

Sell a Digital Version of This Book in the Kindle Store

If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store. Learn more

Customer Reviews

61 Reviews

5 star:		(22)
4 star:		(16)
3 star:		(4)
2 star:		(7)
1 star:		(12)

Average Customer Review

3.5 out of 5 stars (61 customer reviews)

Share your thoughts with other customers:

Create your own review

Most Helpful Customer Reviews

46 of 49 people found the following review helpful:

5.0 out of 5 stars Excellent! Finally someone to answer the nagging questions., September 11, 2003

By A Customer

One of the most interesting aspects of the book was that it answered many of my nagging questions that I had about home buying and mortgages. This includes issues that I see every day with my family and co-workers.

I consistently wondered how a person could make $30,000 per year could qualify for a mortgage of $175,000. Many receive mortgages with little or no money down. How can they have a mortgage payment of $1200.00 per month and cope? How did a mortgage banker determine that they were credit-worthy?

How could so many single people afford a home? Every single woman and man in my office (20 people or so) is currently buying his or her own home. Even married couples seen to spend an ever-increasing amount of their salaries to support a mortgage.

How does anyone in this day and age determine future employment or employability? Globalization and the quest for lower labor costs have put pressure on nearly all jobs, even in the field of education, where I work.

If people are spending 40- 50% of their salary on housing, how will they fund other needs, such as saving for retirement and education for their children?

Both my parents and in-laws live on a fixed income with social security and small work pensions. I know that there is no way that they could afford to carry a mortgage after retirement. Property taxes, insurance and maintenance take an increasing share of their fixed income.

Now, I know that they are all pretty much broke, they just don't know if yet.

Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)

92 of 106 people found the following review helpful:

4.0 out of 5 stars This book helped me decide not to buy a new house, May 20, 2003

By	Tom Carr "Tom Carr" (Atlanta, Ga. USA) - See all my reviews (REAL NAME)

The author made some excellent points. I have read some of the same things in several recent magazine articles, but he went into greater detail and was very convincing.

When I first started reading this book in the book store, the title made me think it was one more sensational doom and gloom type book on the economy that was designed to sell books without giving the reader any accurate information. That was not the case. The author seems to have a firm grounding in economic principles. He makes his points, while explaining that there are always uncertainties in any market.

If you are thinking about buying a house or investing in rental real estate I think you should read this book first. It convinced me that I should wait another year before buying a larger house.

Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)

66 of 76 people found the following review helpful:

4.0 out of 5 stars Thought Provoking, July 23, 2004

By	R. Spell "raspell" (Memphis, TN USA) - See all my reviews (TOP 1000 REVIEWER) (REAL NAME)

As an investment banker who buys blocks of mortgages around America this is an important subject as to whether the value of my collateral will deteriorate. Talbott does a good job presenting his case that there is a relationship between household income and housing prices. His point is well taken that low interest rates have fueled this boom and that when rates rise, housing prices will have to come down. So, from the perspective of his thesis, I found this to be well written and well documented even if I agree there is a risk but do not believe that it will be significant.

For example, he quotes the very low average household net worth?s of households. Households 45 to 54 have less than $200,000 mean net worth. But when median net worth is taken into account for the same group, the number is closer to $700,000. Doesn't this support current home prices while at the same time highlighting a bigger issue, the widening diversity of haves and have-nots in America? Also, San Diego is presented as the least affordable housing, $379,000 average home vs. $60,000 average income. That's a great fact but does it take into account the large military population that is generally lowly paid but highly transient that may be more renter than buyer in that area? I theorize that these many people are lowering average household income while substantially not trying to purchase homes.

This is a complex issue I have purchased mortgages and real estate around America through the Texas, East Coast and California busts. It is worthwhile to discuss that that risk is higher now than in the past 14 years. But I'm not convinced I see the current catalyst for a bust.

DISCLOSURE: I spoke recently at a banking conference on the likelihood of a home pricing crash. The speech was well received and there are many that worry of this issue. I quoted Talbott and gave him credit for his opinion. He provided great insight and material for a contrarian view on home prices.

Comment Comment (1) | Permalink | Was this review helpful to you? Yes No (Report this)

Share your thoughts with other customers: Create your own review

› See all 61 customer reviews...

Most Recent Customer Reviews

5.0 out of 5 stars Hindsight is 50/50
I purchased and read this book back in 2003. Talbott was right. You could not have asked for a more accurate guide book on how to prepare for and then to navigate this disastrous... Read more

Published 7 months ago by Chris Merriam-leith

5.0 out of 5 stars A Belated Thank You
In 2003, when I was looking to buy a house and realtors were trying to get me to agree to a higher price than I thought I could afford, I became bewildered and confused by the... Read more

Published 9 months ago by Leha Carpenter

5.0 out of 5 stars Saved me money
I have read this book when I was planning to buy a house in 2003. After I read it, I did not, which now saved me a lot of money. Good analysis, convincing examples. Thanks John.

Published 9 months ago by Serdar Sahin

2.0 out of 5 stars Was it genius or just luck? Definitely luck!
Every year bunch of pundits write books about the next market crash. Eventually, half of them are right. Read more

Published 12 months ago by Gaetan Lion

5.0 out of 5 stars He was Right.
You guys were all wrong.
He was right!

Read this book and profit tomorrow.

Published 16 months ago by Mr. Thomas G. Poulos

1.0 out of 5 stars hasty generations and fallacies
The book contains many hasty generations and fallacies. It's the beginning of 2008 and the rates are at the record low's. Read more

Published 17 months ago by Alekdandr Margovskiy

2.0 out of 5 stars Bad advice, bad person
Mr Talbott actually suggests in this book that you either sell your house or buy put options on Fannie Mae... Read more

Published on April 20, 2007 by Pedro Voltaire

2.0 out of 5 stars Too much terminology, out-of-date, but Talbott was right
Mr. Talbott was correct, sort of. Housing DID crash in late 2003. Or, at least, it should have. By 2003, the pool of qualified buyers had begun to dry up. Read more

Published on December 14, 2006 by April P

5.0 out of 5 stars Housing Crash Believer
Two years ago, by chance, I purchased two books dealing with the coming crash of residential real estate: this one by John Talbott and one by John Rubino. Read more

Published on October 13, 2006 by Happy Renter

1.0 out of 5 stars lol, 3 years later and things are just starting to level off
when i bought my home in fountain valley, ca in late 03 i was given this book to read by a concerned friend. Read more

Published on July 20, 2006 by mr. wright

› See all 61 customer reviews...

.jsOffDisplayBlock { display: block; } .jsOffDisplayInline { display: inline; } .jsOffVisibility { visibility: visible; } .jsOnDisplayBlock { display: none; } .jsOnDisplayNoneBlock { display: block; } .jsOnDisplayNoneInline { display: inline; } .jsOnDisplayInline { display: none; } .jsOnVisibility { visibility: hidden; } .jsOnDisplayBlock { display: none; } .jsOnDisplayInline { display: none; } .jsOnVisibility { visibility: hidden; }

Customer Discussions

Beta (What's this?)

New! See all customer communities, and bookmark your communities to keep track of them.

This product's forum (0 discussions)

	Discussion	Replies	Latest Post
	No discussions yet

Ask questions, Share opinions, Gain insight

Start a new discussion

Topic:

First post:

Receive e-mail when new posts are made

Prompts for sign-in

[Cancel]

Guidelines

Active discussions in related forums

Discussion	Replies	Latest Post
economics Basic Premise of Marxism	10	1 day ago
economics return to normalcy: 3 questions	0	1 day ago
economics Is there a scientific foundation for the financial sector of our economy?	14	1 day ago
economics The Financial Meltdown and Economic Evolution	4	2 days ago
economics Wisdom of James Galbraith	0	2 days ago
preparedness preparedness	5	10 days ago
investing Get Rich Cheating	0	15 days ago

The Investing community

Latest activity 2 hours ago

3,964 customers have contributed 2,484 products, 566 lists & guides and more...

› Explore the community

The Economics community

Latest activity 3 minutes ago

5,744 customers have contributed 3,983 products, 151 discussions and more...

› Explore the community

The Preparedness community

Latest activity 6 hours ago

956 customers have contributed 360 products, 67 lists & guides and more...

› Explore the community

Explore more

› See all Customer Communities

› Your communities

Product Information from the Amapedia Community

Beta (What's this?)

Be the first person to add an article about this item at Amapedia.com.

› See featured Amapedia.com articles

Listmania!

Best Real Estate Investing Books: A list by G. Maeser
A Mountain of Debt: A list by Golden Lion "Reader"
great money management: A list by "ericreal"

Create a Listmania! list

So You'd Like to...

read About Western Civilization: A guide by "davis_miker"
Survive doomsday? Peek into the future?: A guide by Jack Purcell
learn personal finance for beginners.: A guide by Mark Gaines

Create a guide

Look for Similar Items by Category

Books > Amazon Upgrade > All Amazon Upgrade
Books > Amazon Upgrade > Business & Investing
Books > Business & Investing > Popular Economics
Books > Business & Investing > Real Estate > Investments
Books > Business & Investing > Real Estate > Sales

Lithium Ion Stays Powered Longer

Work longer and charge batteries less often with lithium ion tools from Amazon.com. Our large selection of lithium ion power tools offers many choices.

›Start shopping

Best Books of 2008

Find our top 100 editors' picks as well as customers' favorites in dozens of categories in our Best Books of 2008 Store.

Summer Reading for Kids & Teens

Discover everything from beach reads and board books to teen romance and action-adventure series in Summer Reading for Kids & Teens. And, check off the kids' required reading lists in our Summer School Reading Store.