The Secret Life of Real Estate and Banking

BOOK REVIEW

Author: Phillip J. Anderson| Hardcover: 464 pages | Publisher: Shepheard-Walwyn | Language: English

“The Secret Life of Real Estate and Banking” is a deeply-researched study of over two centuries of economic history that discovers in these years a surprisingly consistent and predictable pattern of boom and bust.

What the author finds is that history from the 1800s to the present day has shown a roughly 18-year real-estate cycle, with an average of 14 years up and 4 years down, and with the 14-year part of the cycle being split by a mid-cycle slowdown.

In addition, the book also examines the roots of this boom-and-bust cycle and finds that private land tenure is the reason for the cycle.

As a result, these boom-and-bust cycles are inevitable, due to what the author notes is the way in which the aforementioned fundamental structure of economies remain the same despite changes in regulations and laws.

With loads of data to support the author’s conclusions, the book is especially a great read if you enjoy history. American history, of course, but it’s the US, after all, that leads the cycle. Understand the US history and you have a leading indicator for what will happen in the rest of the world a few months later.

To get more insights into the book and boom-and-bust cycles, visit www. propertysharemarketeconomics.com

The writer also wrote this book review on thewriterpreneur.com