Author(s): Olly Newland
Protect yourself and profit from the coming real estate slump. What goes up must come down. This book spells out the reasons for the coming property downturn and shows you how to protect your assets and profit from the opportunities that will arise. The property boom of recent years has been a global phenomenon. Like booms before it, the dramatic upsurge in confidence in the property market has seen everyday people climbing aboard the real estate bandwagon. Urged on by breathless self-serving promoters, developers and real estate agents, many people have made large paper profits - even if they are mortgaged up to the eyeballs. Greedy banks have fallen over each other to recklessly fuel the boom, providing cheap credit to anyone who could walk and whistle a tune at the same time. But the time to pay the piper is now fast approaching. In this timely and disturbing book, veteran investor Olly Newland says that for many the party is coming to an abrupt and sticky end. In The Day the Bubble Bursts, Olly Newland gives investors and homeowners essential advice for guarding themselves from the impact of the downturn. More than that, he shows how you can profit and create an upside in the coming hard times.