Summer is back, and you know what that means! It’s time for the Appraisal Buzz to announce it’s annual Summer Reading list. Due to popular demand, we have put together a few titles of recently and soon to be released books to take with you and read during your downtime or vacation this summer.
- House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again
By Atif Mian and Amir Sufi (Released 5/20/15)
In this book the authors link the rise in homeowner debt with Great American Recession. They also point out specific links to the Great Depression and the current economic situation in Europe. They propose some new ways of looking at debt forgiveness and mortgage contracts. Lawrence Summers of the Financial Times calls their book, “Likely to be the most important economics book of 2014.” You can find more from his review HERE.
- Zillow Talk: The New Rules of Real Estate
By Spencer Rascoff and Stan Humphries (Released 1/27/15)
While Zillow still is a bad word for many real estate professionals, this book rewinds the clock and looks into how it was created and what goes on everyday at Zillow. It focuses on stats and trends. For the statistics fan this is a must read. Still want to find out more before you check out the book? For an in-depth review of the book, read this article by Kevin Lisota on Geekwire.com.
- Flash Boys
By Michael Lewis (Released 3/31/14)
Michael Lewis proves why he is one of the leading economic authors in the world right now with Flash Boys. The book follows around a small group of Wall Street guys who figure out how the market is rigged to benefit the insiders. The book then shows how these few men try and change the industry and reform the markets. For more on this and other financial crisis books make sure to read the “Financial Crisis Reading List” by Penny Reed in the latest Appraisal Buzz Magazine.
- Misbehaving: The Making of Behavioral Economics
By Richard Thaler (Released 5/11/2015)
Most of economic theory is based on predicted outcomes and statistical models. Richard Thaler’s book discusses how error-prone, miscalculating, somewhat unpredictable humans are actually the central factors on the economy. This book takes a humorous look at the economics of human behavior. If you are interested in learning more about Behavioral Economics make sure to read this Forbes.com interview with Richard Thaler.
- How to Fly a Horse: The Secret History of Creation, Invention, and Discovery
By Kevin Ashton (Released 1/20/15)
This book gives us a surprising behind the scenes look at where creation and invention come from. Kevin Ashton walks us through some of the most humble beginnings of the world’s biggest inventions. “Tech pioneer Kevin Ashton argues that it is hard work, not genius, that’s responsible for most technological innovations.” Read more of this review from theguardian.com
- The Misfit Economy: Lessons in Creativity from Pirates, Hackers, Gangsters and Other Informal Entrepeneurs
By Alexa Clay and Kyra Maya Phillips (Scheduled Release 6/23/15)
While this book has not been released yet there has been quite a bit of buzz surrounding it. The authors contend that lessons can be learned from black markets that could help entrepreneurs in the traditional markets. While we will wait to review this one till it actually comes out you can read more about the authors in this forbes.com interview.
Hidden in Plain Sight: What Really Caused the World’s Worst Financial Crisis and Why It Could Happen Again
By Peter J. Wallison (Released 1/13/15)
Wallison discusses the factors that lead to the financial crisis. Some of those practices from the government still have not been adjusted and he fears it could lead to more issues down the road. Peter writes about how the appraisal process was integral to what happened in the crisis. He also admits he is worried about the lack of change to that process and talks about what must be done to prevent another financial crisis in the future. Read our Appraisal Buzz interview with Peter to find out more about this latest book.
- Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Created the Worst Financial Crisis of Our Time
By Gretchen Morgenson and Joshua Rosner (Released 6/5/12)
While this book isn’t a new release if you haven’t read it yet it make sure you take some time to. This bestseller delves into what lead up to the financial crisis and how the close relationships between lenders and regulators may have caused it. For those that don’t know, Josh Rosner will be the keynote speaker at Valuation Expo in Baltimore, MD. Make sure to read his book before you hear him speak. If you haven’t registered yet CLICK HERE to register for Valuation Expo.
We hope you have some time this summer to take a look at these books. Let us know which ones you have read, which ones you are excited about, and if there are any you think we missed.
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