Who do you think saved the housing market in 2008-2010 bust

[Fred Cannon]

The government and the politicians take credit for bringing back the economy after the big bubble burst @ 2008. If fact it was the government that probably cause the issue by demanding loans to most anyone for little or no equity. It was investors like BP members willing and with the cash to bail out the banks. Sure we may have gotten great deals but the properties I bought required a lot of rehab and then brought in low rents. It took about 3 years after buying a property to get a decent return on the money that was invested and in took courage to pay cash for the purchase and the rehab. With RE it’s always about risk vs rewards, and about timing. As the saying goes. In RE you make or lose money when you buy not when you sale. Just want to give a shout out to all the investors who came to the rescue when it looked like the end of capitalism.