Real-estate handbook fails to inform

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Long-time real estate author Andrew James McLean's latest book "The Home Buyer's Advisor" is not up to the standards of his previous books. This new book goes through the motions of explaining home-purchase fundamentals, but it is out of touch with the realities of today's home-sales marketplace. For example, McLean begins with the home-buyer basics of saving for a down payment by cutting down on expenses and using credit wisely. That's fine. But meanwhile, as U.S. homes appreciate in market value more than 5 percent annually on average, most prospective home buyers can't save as fast as houses and condos go up in price. Purchase Bob Bruss reports online. McLean completely neglects to explain the advantages of no- and low-down-payment mortgages so the home buyer can purchase as soon as possible. When he gets to discussing mortgages, McLean goes off on a tangent attempting to explain "service points." Then he switches to "discount points." He writes, "Discount points are different from...