Quote:
Originally Posted by InfiniteNow
I just wish I had enough money saved up to buy a whole big bunch of the properties which are being foreclosed. To get a few score houses at 30-40% of their actual value, hold on to them, and potentially rent them out would really go a long way to making my future and my offspring's future economically and monetarily safer.
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You couldn't pay me to be a landlord, even if the homes were free.
Especially in an economic downturn, possibly recession.
As for the housing bubble, there is nothing malign involved. It is just the latest bubble. Some people (both borrowers and lenders) getting greedy and making stupid decisions.
On its own, this would have a minor effect on the US economy. Combined with high oil prices and a low dollar, we could be in for quite the ride
