This is a must read for property investors or even homeowners.
It's important for us to understand how bubbles arise and how to avoid it. Of course, more importantly, after reading this book, I know better how to spot the right time to invest in a particular property market. Buy low, sell high. An easy investment rule but many fail to follow.
Property prices are so high in the UK and many people quit their job and become property developers. It's the same as the tech bubbles when many of them quit their job doing day trading at home. It definitely gives a clear warning at the current bubbly situation in the UK.
This is a great book! However, for those who have very little understanding of economic terms, this book may not be easy to read.