Comments (12)

Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

I will have to pick it up!

Jun 27, 2008 04:42 PM
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

Welcome to ActiveRain, Mark, and congrats on your results on Amazon! I like to pick up a few new books during the summer and will be taking a look at this one.

Jun 27, 2008 04:45 PM
Robert Huntsinger
Empire Realty - Upland, CA
Empire Realty Upland, CA - Full Service at a Discount

Marketopoly, what is the book about?  I love to read about our indusrty and it's trends.

Take care!

RJH

Jun 27, 2008 04:52 PM
Kelly Winch
Cascades Sotheby's International Realty - Sunriver, OR
Broker, CDPE

Welcome to Active Rain.  I'm sure you will find it to be a great site. 

Jun 27, 2008 05:05 PM
Stefan Geyer
SOA Realty - Aurora, CO

I have not heard of the book, but if it is yours, then it seems congratulations are in order!  Welcome to Active Rain!

Jun 27, 2008 05:18 PM
Courtney Cooper
Cooper | Cartwright - Seattle, WA
206-850-8841

Welcome to AR!  Tell us more about it!

Jun 27, 2008 05:46 PM
Kirk Westervelt
Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC
Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...

Hi, welcome to Active Rain! I hope to see more of your blogs in the future. Learn from others, share your knowledge and experiences and enjoy yourself! Take care! ---Kirk.

Jun 27, 2008 06:38 PM
Crystal Corr
Keller Williams Greenville Central - Simpsonville, SC

Welcome to Active Rain. I hope you will enjoy it and learn from it as much as I do. Happy Blogging.

Jun 27, 2008 08:09 PM
Mark MacKenzie
Phoenix, AZ

Wow - thanks for the wonderful welcome - this is fantastic!

Marketopoly is titled: The Definitive Guide to Beating The Real Estate Recession and Winning at The Game of Investment Real Estate.

The book details the fact that despite a "national" real estate recession, all real estate is local.

You can't buy or invest in a "national" property, you can only invest in a local property.

And in order to understand local market conditions you need to understand the ongoing relationship between the supply (listings) and the demand (sales) trends, also known as the month's supply of housing.

It is this indicator that will reveal which markets are still appreciating, others that have bottomed out and are now positioned for a rebound, and still others that will continue to lose value, at least in the short term.

The reality is, past appreciation, good or bad, is never an indication of future appreciation.  It is not any way to base your investing and buying decisions off of. 

What we are seeing now, is that many local markets are indeed at a bottom, but that this local information won't be communicated effectively by the NAR, OFHEO, or Case-Schiller for another 12+ months because they are looking at trailing data, year over year past appreciation, not current trends or leading data like the month's supply of housing.

Additionally, the book goes on to detail that appreciation is merely a feature of investment real estate, the actual benefit is your overall return on your investment.

It reveals why 5% appreciation can produce a better overall ROI than 8% appreciation.

How certain investment properties can produce 8-14% annual cash on cash returns even if the property never appreciates.

My goal was to provide a very realistic, unbiased, and compelling roadmap as to the how, when, what, and why to invest in real estate despite the national headlines.

Amazon.com is currently showing sold out but the distributer sent out a fulfillment order to them on Friday 6/27.

Thanks again for the warm welcome!!!

 

Jun 28, 2008 03:36 AM
Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!

My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post. 

I hope you will look into the many groups as there are some great group both local and broad based,.... 

enjoy!

Jun 29, 2008 01:15 AM
Ted Mackel
Keller Williams Realty Simi Valley - Simi Valley, CA
Simi Valley Real Estate Agent

Welcome to ActiveRain. There is an REO group here check it out.  Congratulations on your first post. Get around and check out the community, you'll quickly figure out how to supercharge your blogging skills.

Jun 29, 2008 07:56 AM
Diane Bell, Hilton Head Real Estate, Bluffton
Charter 1 Real Estate, Hilton Head, Bluffton, SC - Hilton Head Island, SC

Mark,

Did you write the book? Congratulations to you!

Jun 29, 2008 07:57 AM