From your pocket to theirs, the insiders' view of the Great Housing Recession and how it's happening again.
“EA$Y MONEY provides a well-researched and fully documented view of the Great Housing Boom/Bust by two real estate insiders. Agostinelli and Michaud’s attention to history is particularly noteworthy—they have clearly taken Santayana’s warning to heart: ‘Those who cannot remember the past are condemned to repeat it'. They were also attentive to the principles of real estate finance, including its cyclical nature and mean reversion. This allows them to make informed judgments about what the future may hold if we continue down the same path and to suggest alternatives that will strengthen and add more stability to our housing finance market.”
Resident Fellow and Chief Risk Officer
American Enterprise Institute International Center on Housing Risk
Politicians, bureaucrats, home buyers and housing activists are at it again. History is repeating itself right in front of us, and if we do nothing to stop the volatility in real estate markets, we risk the impending doom of the next housing collapse. Industry experts John Agostinelli and Chris Michaud had front row seats during the great recession. They witnessed the nonsensical lending practices that blew up the bubble and created disastrous consequences for government endorsed loans, and hurt low to moderate income people and the communities they lived in. Not only did government create the problem, their reaction to the crisis made matters worse.
So what now? How do we prevent this from happening again?
Easy Money and the American Real Estate Ponzi Scheme reveals:
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