Name: Understanding Housing Bubbles
SKU: 57254878
Price: 18.84 EUR
Availability: InStock
Author: McKim, Bill
ISBN: 9781105624629

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Type

Physical Book

Author

Bill McKim

Publisher

Lulu.com

Language

English

Pages

168

Format

Paperback

Dimensions

22.9x15.2x1 cm

Weight

0.25 kg.

ISBN13

9781105624629

Synopsis "Understanding Housing Bubbles"

This housing bubble book doesn't talk about what happened to people during the Housing Bubble. It explains what a housing bubble is, why they occur, what ended them, that they can't be prevented or controlled by regulation, and how to prevent them in the future. It shows that housing bubbles are always a bad thing for the economy, and why. The book can do all of that when other books and TV programs about the bubble couldn't, because it is based upon the realization that a Homemania occurred in which houses were not bought because they provided shelter and comfort but because they were appreciating in price very rapidly. This caused a cessation of mortgage defaults. This lead to the creation of an investment that paid a very high return with zero apparent risk. The investment produced no wealth, but greatly increased comsumption, thereby impoverishing the economy. Explains mortgage backed securities including CDOs, CDSs, and Synthetic CDOs. Shows who was and wasn't culpable.

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Understanding Housing Bubbles - McKim, Bill

Synopsis "Understanding Housing Bubbles"

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