The New York Times reports:
A few years ago, when the housing market was white-hot, companies that publish how-to books were tripping over themselves to pump out titles about buying property and making money in the real estate business.
Now that the bottom has fallen out of the housing market, the opposite is true: publishers are updating their backlist titles as well as rushing out newly acquired manuscripts to advise consumers who may have stumbled in the housing game.
If books like this called the top in real estate, will books like this call the bottom?
I, for one, don’t think so. Bottoms aren’t made when investors are still eagerly looking to make “big money.” Bottoms are made when people look sick at the mention of the thing.
Source:
A Shift in Real Estate Books
Joanne Kaufman
The New York Times
June 9, 2008