The Great Housing Bubble

About this book

The Great Housing Bubble explains the 2000s rise and fall of U.S. house prices through mortgage finance, property valuation, land economics, credit securitization, and buyer psychology. It moves from conservative financing and rent-and-income fundamentals through exotic loans, CDOs, bubble-price measurements, speculation, projected declines, and buying or selling during a downturn. Written while the 2008 collapse was still unfolding, it closes with proposals intended to prevent another housing bubble.