Buy Low - Sell High... oldest way in the world to make money.
NOW is the time to be buying distressed assets... but you'll have to take a long term view of the world.
Interest rates are low -- prices are low -- you make money on the BUY side of a deal.
The idiots that have lost their asses all bought HIGH and sold low..... forced sellers have no bargaining power. BUYERS now have time on their side - if you have real assets - real cash - real credit.... you can get yourself on the right side of a deal.
A HOME is not a place to look to make money. It is your HOME. You have to live somewhere... whether you're paying rent or a mortgage... but it's a place to buy LOW and hope that over time (when they cart you off to the home) you might have an ASSET that will provide for you. This ASSET should not ever be used as your personal piggy bank. The GOAL should be to pay it off as fast as possible so that when you finally retire - you can live there with very low cost. Period. When it goes up - you don't re-fi into another 30 year mortgage when you're already 40 years old! Idiots do that. Try making that mortgage with your part time pay at McDonalds/Wal Mart and the paltry Social Security check you're going to get when you're 70 years old.
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