If it weren’t for the Government intervention promised, the headline that reads The Foreclosure Five would signal where bargains were to be had for pennies on the dollar if you’re into real estate investing if you’re looking for “bargains” – at least in terms of what prices were a few years ago.
Though the news talks in terms of a “nationwide” housing crisis, the real crisis is predominantly located in 5 states: Nevada, California, Arizona, Michigan and Florida. As this story shows, the free market already seems to be resolving the situation in most of the states.
Interestingly, in some parts of the country foreclosures were as low as 1 in 51,906 homes in Vermont.
If your home business dream is to invest in real estate and you have cash to do so, now there are more bargains than ever. Once the economy starts to catch a breath some will do well by purchasing some of these properties.
The million dollar question is… when exactly will that be?
J. Michael Warner on February 22nd, 2009 at 8:15 am
Opportunities abound for those looking. Remember, even in the Great Depression 80 % of the people had jobs. Businesses had to make a money to pay people in order to provide a job. I am finding opportunities everywhere!
jaeda on March 5th, 2009 at 6:38 pm
good to hear such real states nowadays having a discounted because knowing this time around are so difficult to gain anything what you wanted for, crisis is everywhere so for the people that want to invest, they can easily get it without difficulties…