Monterey Cypress Publishing Signs Author, Lawrence Roberts, and Publishes Book, “The Great Housing Bubble”

Irvine, CA, December 04, 2008 --(PR.com)-- Lawrence Roberts, author of “The Great Housing Bubble,” joins with Monterey Cypress Publishing in a long-term agreement to publish a series of books on the housing crisis. “I am very excited about this opportunity to work with a great publisher,” says Roberts, “and I look forward a successful ongoing relationship.”

In his first book, “The Great Housing Bubble,” Roberts contends that a combination of loose lending standards and irrational exuberance on the part of borrowers created a “herd mentality” that drove prices beyond any reasonable valuation measure. He provides detailed information on the phenomenon of irrational exuberance, the mechanics of lending, the proper valuation of residential real estate, the role of psychology in housing markets, predictions for how the bubble will deflate and more. Roberts believes the pain and anguish caused by the foreclosures and bankruptcies resulting from the deflation of the housing bubble was an avoidable occurrence – if the housing bubble had not been permitted to inflate.

Roberts proposes a series of changes to our current system of appraisal, lending and sales of residential real estate. He suggests realtors be subject to oversight by the Securities and Exchange Commission regarding the false statements they routinely make concerning the investment potential of residential real estate.

About the Author and Publisher

Lawrence Roberts, author of “The Great Housing Bubble,” is known as the Housing Bubble Cassandra. He publicly predicted the housing price crash as the primary writer for the Irvine Housing Blog. From his unique vantage point in Irvine, Calif. – the center of the subprime universe – Roberts carefully documents in his book the conditions and practices that inflated the largest real estate bubble in history. He holds a Master of Science in Land Development from Texas A&M University, and he consultants to the land development industry.

Monterey Cypress Publishing is a small press specializing in real estate and personal finance related books, audio books, and video presentations.

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