It's nice to know that real estate problems or even collapse can have a bright side, at least possibly for the investor. If you invest in home in foreclosure, then if you can come up with the capital, you can get houses for a very low price. With the fall of some of the top players in the sub-prime mortgage market, the jig is up.
I mean this can only intensify, and like my sponsor says, it's nice to have pictures of real estate, even if they are foreclosed homes across the country. You can live in New York, and learn about bank homes in California. And with all that sub-prime stuff hitting the dust, there is a lot of properties to choose from.
Of course, if your bank won't loan you any money, that's another problem...
