Review of House Poor: Pumped Up Prices, Rising Rates, and Mortgages on Steroids: How to Survive the Coming Housing Crisis (Hardcover)

I am now in the process of buying my 7th house in 25 years.If I had known much earlier some of the things I now know from having read "House Poor," I would have avoided mistakes, saved money, and come out ahead.

The book offers solid, well supported advice about home ownership in 21st century America.The advice is practical, clear, and up-to-date.It reads quickly--in part because of the numerous examples of home buyers and sellers from around the nation--but unlike many such books, it seamlessly integrates a large volume of data from authoritative sources to support conclusions and recommendations.I found especially useful the discussion of the dizzying array of mortgage options now being pushed at consumers. And I found reassuring the distinctions made among the various markets around the US--reassuring because I live in the Midwest where the real estate market is heated but not super-heated.

Fletcher writes with an engaging and fluid style, moves logically from one topic to another, and delivers the kind of information that both first-time and veteran home owners will find valuable.

Product Description

The housing market, like any other investment, has always had its ups and downs. But ever since it started its upswing at the beginning of this decade, the ride has become more thrilling-and more dangerous. One day, home values are skyrocketing and cheap money is up for grabs; the next day, houses linger on the market and interest rates rise alarmingly high. Home buyers and sellers are beginning to recognize that however the market moves where they live, they must be prepared to make smart housing decisions.

Written by veteran real estate reporter June Fletcher, House Poor teaches you everything you need to know to weather the ups and downs of the housing market, including:

• How to tell whether your hometown is likely to boom or bust
• When to take equity out of your house
• How to buy as a first-time home owner or as an investor during turbulent times
• How to protect your home investment
• When and how to sell your home

Today's volatile housing market could make you house poor.

This book will keep you house proud.

--This text refers to the Paperback edition.



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