This one was posted up at Bubblemeter:
Take a good look at that, and no, it’s not a joke. That’s NAR Chief Economist David Lereah’s new book. Well, I don’t believe it’s entirely new, I believe it’s a retitle, recover, and update of “Are You Missing the Real Estate Boom? : The Boom Will Not Bust and Why Property Values Will Continue to Climb Through the End of the Decade – And How to Profit From Them”, released last year.
The new book, “Why the Real Estate Boom Will Not Bust – And How You Can Profit from It : How to Build Wealth in Today’s Expanding Real Estate Market” is scheduled to be released this month, it can be found here.
Take a good look at the reviews section, there are some real gems there:
“For me, this was more comic relief than any scholarly analysis. The author has a vest[ed] interest in the bubble not bursting, and he’s selling his soul with this book to prove it. “
“The key to making money in real estate – and keeping it – is to get aboard a rising real estate trend early, not late. While it is true that real estate is a good long-term investment, what Lereah ignores is the cycle nature of real estate. In other words, if you buy an overvalued house late in the market cycle – and you are over leveraged and illiquid like most Americans are today – you may not be around for the long-term.” – Robert Campbell Author of Timing the Real Estate Market
” Huckster Drums Up Business”
“And where was this book say 10 years ago BEFORE real estate became the darling investment it is today? Seems Mr. Lereah is a tad late in the game. It’s easy to say everything will continue to be wonderful when everything has been so wonderful for so long. The biggest mistake people make is automatically assuming, like the Realtor in Florida below, that just because things have been a certain way in the recent past that they will continue to be that way indefinitely into the future. “