Author(s): Phillip J. Anderson
As millions of Americans - and countless others in the Western world - have recently found to their cost, house prices can also suddenly and dramatically drop. Yet no other text on real estate has ever mentioned this fact, reinforcing the perception that real estate is an almost risk-free investment. The Secret Life of Real Estate is the first book to reveal and explain the cyclical nature of real estate. Phillip Anderson is an Australian, who commutes between Australia, London and the USA.
If you think economics is boring, you haven't met the real pirates of the Caribbean yet. Phil Anderson's recently published book The Secret Life of Real Estate and Banking is both exciting and timely. It provides detailed insight on how the addiction to land speculation became the foundation of the United States of America. Prosper Australia 'The author discovers that the real estate cycle repeats itself approximately every 18 years. In addition, he tells the reader the warning signs and trends that precede the various hoursA" on his real estate clock. In summary, if the author's research is reliable then we can utilise the clockA" to know when to buy and sell real estate in the future.' Brian Cordiner, Member of the AIA.(Australian Investment Association) Required Reading for Property Investors, ' - a superbly written, logically structured study of the property market. His ideas are clear, the writing crisp and the book free from philosophical dogma. His analysis of property market booms and busts over the last 210 years shows how we fall into the same traps over and over again. - a stunning historical perspective with which to immunise yourself from political and economic commentators who clearly fail to grasp the real reasons for the mess we are in. Overall a fantastic book and well worth the price.' Reader on amazon.co.uk 'China's privatisation of its real estate market guarantees [another] real estate cycle' Singapore Business Times 'This is an exciting, important and timely work; it will sell well. Anderson has ferreted out and marshaled dozens of sources on the 18-year cycle of boom and bust in real estate, its history, its mechanics, and its dynamics. Some sources are old and neglected; some are current and neglected; but after Anderson it will be hard for macro-economists to continue neglecting them. He melds the dramatic skills of a raconteur with the industry of a scholar and the discipline of a field marshal, to keep readers wide awake while they follow and most likely accept Anderson's take on economic history.' Professor Mason Gaffney, University of California
Phillip J Anderson is Managing Director and founder of Economic Indicator Services (EIS), an economic forecasting service operating out of London and Melbourne. EIS is the world's foremost authority in the area of business, real estate and commodity cycles. Subscribers to the service are educated to the movements of these cycles in the economy, none more important than the real estate cycle.