The Housing Boom and Bust

  • by Thomas Sowell
  • Narrated by Robertson Dean
  • 4 hrs and 43 mins
  • Unabridged Audiobook

Publisher's Summary

There was no single, dramatic event that set the current financial crisis off. A whole series of very questionable decisions by many people, in many places, over a period of years, built up the pressures that led to a sudden collapse of the housing market and of financial institutions that began to fall like dominoes as a result of investing in securities based on housing prices.This book is designed to unravel the tangled threads of that story. It also attempts to determine whether what is being done to deal with the problem is more likely to make things better or worse.


What the Critics Say

"Among economists of the past thirty years, [Sowell] stands very proud indeed." (Wall Street Journal)


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Customer Reviews

Most Helpful

Inciteful Non partisan blame

I read other reviews of this book before buying. The ones who rated it poorly seemed never to have read the book in its entirety.
Mr Sowell is a gifted communicator. He backs up his view with facts and statistics. He implicates those who deserve blame regardless of political affiliation, or business affiliation. He calls it like he sees it and I concur with the evidenciary findings he brings to light.
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- Adolphe

Right to the Point

Thomas Sowell has his detractors, but this is another of his books well worth reading whatever your point of view. Essentially he sets out to explain how the Housting Boom came about and what the resulting Bust means to the average American. He is best when he describes the affordable housing movement and its ramifications. His point of view may not appeal, but his analysis and presentation can't be faulted.

If you are scratching your head about the current real estate problem - start here.
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- Roy

Book Details

  • Release Date: 05-13-2009
  • Publisher: Blackstone Audio, Inc.