Forecasting for Real Estate Wealth: Strategies for Outperforming Any Housing Market

261 Pages·2008·0.91 MB·English

by  Ed Ross

FM JWBK177/Ross April17,2008 9:27 CharCount=
FORECASTING FOR
REAL ESTATE WEALTH
Strategies for Outperforming
Any Housing Market
E D R O S S
John Wiley & Sons, Inc.
FM JWBK177/Ross April17,2008 9:27 CharCount=
FM JWBK177/Ross April17,2008 9:27 CharCount=
FORECASTING FOR
REAL ESTATE WEALTH
FM JWBK177/Ross April17,2008 9:27 CharCount=
FM JWBK177/Ross April17,2008 9:27 CharCount=
FORECASTING FOR
REAL ESTATE WEALTH
Strategies for Outperforming
Any Housing Market
E D R O S S
John Wiley & Sons, Inc.
FM JWBK177/Ross April17,2008 9:27 CharCount=
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LibraryofCongressCataloging-in-PublicationData:
Ross,Ed,1961–
Forecastingforrealestatewealth:strategiesforoutperformingany
housingmarket/EdRoss.
p. cm.
Includesindex.
ISBN978-0-470-27536-8(pbk.)
1.Realestateinvestment—UnitedStates. 2.Realestatebusiness—UnitedStates—Forecasting.
I.Title.
HD255.R67 2008
332.63(cid:3)240973–dc22
2007052399
PrintedintheUnitedStatesofAmerica.
10 9 8 7 6 5 4 3 2 1
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To all real estate entrepreneurs who dare to join the
nation’s largest group of self-made millionaires and
to all homeowners who choose to take charge of the wealth
accumulation derived from homeownership.
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FM JWBK177/Ross April17,2008 9:27 CharCount=
C O N T E N T S
PREFACE xi
P A R T O N E
FOUR BIGGEST QUESTIONS
CHAPTER1 WhatShouldIKnowaboutMarketCycles? 3
HowMillionairesMakeTheirFortunesfromForecast
Appreciation,4
MakeMoneyfromaSlowdown,5
WhyUsingaForecastIsaGoodIdea,8
WhyNotUsingaForecastIsaBadIdea,9
IntegratingaForecastintoaRealEstateStrategy,10
CHAPTER2 WhatShouldIDoovertheNextFiveYears? 15
WhentoBuy,Sell,orHold,15
SeasonalForecastingStrategy,20
SellingatthePeakandBuyingattheLow,26
WhatIstheBestStrategyforInvestingToday?28
WhichInvestmentStrategyIsEasiestandMostLucrative?29
ShouldIWaitaYearorTwobeforeInvestingintheMarket?29
CHAPTER3 HowDoILookUpMyForecastforProperty
AppreciationinaSpecificNeighborhood? 33
CapitalizeonaSlowRealEstateCycle,34
UseForecaststoBeCompetitiveinPropertyInvesting,35
PrimaryForecastVariablesandResultingValues,36
CalculatetheNextSevenYears,40
CHAPTER4 HowCanIIdentifythePropertyThatWillMakeMe
theMostMoney? 47
HomeownershipversusRenting,48
EarnBackaDownPaymentQuickly,52
vii