Many Americans are aware of the real estate bubble that has swelled to ridiculous levels over the past few years. In contrast, many more are in denial, blinded by the type of greed and ignorance that typically accompanies all types of asset bubbles. America is now at the final stages of its largest real estate bubble in history. But similar to all asset bubbles, even with real estate, what comes up must eventually come down. The devastating effects of the massive corporate and Wall Street fraud surrounding the Internet bubble led Alan Greenspan to lower short-term interest rates to a 43-year low. However, these low rates have accentuated the credit and real estate bubbles that have been forming for over a decade. And consumption-hungry Americans have been lured into record consumer and mortgage debt by financial firms that have had very little government oversight. But the end is near for both of these assets bubbles. Most likely, the next ten to fifteen years will usher in an even bigger problem for the American economy; the retirement of some 76 million baby boomers, most of which will have very little income other than Social Security. This historic period could prolong the correction period of the real estate bubble. Investors must understand that the effects of the correction in real estate will not be restricted to home prices alone. In fact, due to millions of expected mortgage defaults by homeowners, the fallout of the real estate market could lead to a financial disaster for many financial institutions. This book does a brilliant job of presenting the reader with an assessment of the economy in Part I. Only by a full understanding of the current economic conditions can one navigate the real estate market effectively. The author connects much of the economic data from Part I to the real estate bubble, discussing potential consequences. In Part II, he provides a detailed analysis of the current real estate bubble and explains how a correction in real estate could cause a snowball effect, leading to a catastrophe. In Part III, the author provides a more comprehensive picture for different methods of investing from the opportunities provided by real estate bubble. As well, the author shows how to profit from America s longer-term crisis, expected to take center stage in just a few years.