Are we headed towards housing crash 2.0?

[Kris Marmol]

Hello I’m relatively new to real estate investing and to this website. As I started to dig into some research I noticed that in fairly affluent areas here in California and in select states that I’m looking (Florida and Arizona) are showing a significant amount of pre-foreclosure homes. Places that you wouldn’t expect people to be underwater on their mortgages. Does anyone else have any insight to this observation? What strategies would you create from this information?

[Wayne Brooks]

@Austin S. Pogue

There are less than 10% of the number of foreclosures in the ‘08 debacle.....not sure what you consider significant.