With the glut of properties available today, and with the depressed prices in this market, it should be quite easy to identify and acquire a suitable replacement property within 180 days after the relinquished property is sold..

You can trace the current mess clear back to the Great Depression.

Robert Shiller thinks we may be doing just that.US Housing Market Could Be Facing Another Bubble: ShillerThe housing market, which already has been battered by the worst collapse since the Great Depression, could be setting itself for another bubble, well-known economist Robert Shiller told CNBC.With home affordability at a 40-year high, there is "absolutley" a possibility that the housing market will face another bubble in the next five years, said Shiller, an economics professor at Yale, co-founder of MacroMarkets and co-developer of the monthly Case-Shiller home price index."

Banks still have lots of properties to unload and it will continue to depress prices until inventory is absorbed.

Personally, my money stays out these depressed neighborhoods.

Cleveland is a depressed area with MANY bad neighborhoods.

What if prices depress?

Get out there and start marketing.If you have money - then try direct mail campaigns - depressed market - you can usually get by with sending mailings out to a whole geographic area but the targeted lists work great too - but geographic marketing is blanketing a whole area with a message - costs money.If you don't have money for marketing or much - bandit signs - networking - driving for dollars - etc.Before starting marketing you will need to pick you area. 15-20k homes at medium price range + or - 20% (depending on your business model) but we are talking about wholesaling - so usually the fixers are in this - 20% range.Hope this helps.

It will take a much larger volume of deals to move to closing but pay off long term WHEN a market depresses and you have lots of wiggle room before any losses are incurred.

You're going to see claims get paid out with IOU's like in the Depression again while insurance companies start petitioning the Federal government for bailouts the same way that banks did after they felt the ill effect of being legislated into giving loans to people with pre-existing credit conditions."