Maybe I am young (25) and naive but this seems like drastic overeaction.I seriously doubt with every bone in my body we need to be stocking up on guns, ammo, food, safes...etc.It's almost laughable.I think we are heading into tough times with a depression looming but come on....Maybe I am just to sheltered in the nice rural town I am living in right now.All you guys are fairly logical and to my understanding aren't total wack jobs.

The rage bubbling up from our impoverished and disenfranchised working class, glimpsed at John McCain rallies, presages a looming and dangerous right-wing backlash.

Ask.5.Moving to larger home – they will wait to get their price; price may be high due to new demands but not always.6.Looming foreclosure – willing to negotiate, takeover payments, make up delinquent payments7.Have a new home, need to sell this one – quick and in a bind8.Was a rental, I’m tired and want to cash out!

Through my experiences I have always felt intimidated by being in the drivers seat myself, and cautious about leaving my comfort zone.But now, with my retirement goal looming, I feel I need to place my feet in this arena, and begin my own personal investment portfolio, in addition to continuing what I do best, provide financing to others.I believe by joining this forum, I can do both.

lolGlad to see my little words are taken to heart by some of the guru's on the site.The thing I wanted to add to my quote is one word that looms in everyone's vocabulary, that is capable of killing EVERY deal you look at:[size=18][/size][b]COMPROMISE[size=12][/size] In my dealings, the first set of cost numbers I run are usually the highest AND most accurate (not saying they are realistic).Investors, and mostly new investors fall into the Compromise trap.The numbers don't look good, you take another look at what's involved in the deal and search for area's you can cut costs without any real basis for doing so.You say to yourself, "All I have to do to get my profit up is use less expensive materials and do some of the work myself so I will save on labor."

You get to watch them fight over carpet and sweat over looming mortgage payments.

If that is the case in your area, you need to be priced below the market.On future deals, I would try to buy at even a bigger discount to guard against a looming housing market meltdown and recession.Mike

Savvy investors can help them not only do that but also grow their retirement accounts even in the face of what looks like looming financial disaster.

I personally have not found lenders flexible even if everything else looms good.

If foreclosure is looming and a tax payment plan is worked out, they will postpone the sale so long as the payments are being made.