"Didn't you know, the market stinks..."

[T Chu]

So, I just got off the phone with a friend of a friend. He is a consultant for investors, and invests himself in business ventures. I know he has contacts with real estate investors, but the first thing he said after I asked him for some contacts was, "Didn't you know, the market stinks."

Well, ok, I did know that the sub-prime mortgage mess has caused the bubble to burst, but there still seems that people are buying and selling real estate.

What have you seen in terms of your investing? Besides lending hassles for conventional buyers, are you seeing less investing in general?

He pretty much said I was stupid and "naive" to want to jump into real estate investing at such a tumultuous time. I see it as great deals to be had! (By the way, he never did give me any names :roll: ).

Give me your take.