Taking massive action would make me very happy, now where to start...

With the help of legal team, the debt can be brought down to a reasonable and manageable level that homeowner can afford.For example in Riverside county CA market where houses went down in some places 50% that is a massive toolfor homeowner in default.Do you have any knowledge of that ?

This is probably one of those things I should just go ahead and ask my CPA, but I thought I would see what the experts here thought first.I was wondering if a cash out refi or massive home equity line could be used to shield an individual from capital gains tax upon sale.

More than once, a run-up in the sector has suddenly reversed course, stranding investors with massive amounts of overvalued but underoccupied real estate.

It sounds good and we've 'learned' from the depression but it still ultimately won't work as the decision makers won't know the reasons for this current crisis until at least 5 years after it's over.I have to disagree with Aaron, and many others, though; instead of massive inflation, I believe we're in, and going to stay in, a prolonged period of deflation.

"To be frank, since the TARP money came in, they are still selling off (properties at auction), but they kind of took a step back." . . .Real Estate Disposition LLC (REDC), which claims to be the nation's largest real estate auction company, held 300 ballroom auctions in 2008 and sold nearly 33,000 foreclosed homes for $3.4 billion -- a seven-fold increase in sales volume and nearly triple the proceeds the company generated in 2007.Company CEO Jeffrey Frieden said he expects to "smash that record" this year as banks and lenders continue to amass a huge inventory of foreclosed homes and are more motivated than ever to sell their inventory. . . .Some observers fear that if the massive amount of debt the government is taking on to stimulate a recovery, inflation -- and higher interest rates -- are inevitable consequences.

If we want to have massive government spending, we should have to sell some governemnt assets.

Uncontrolled pork barrel spending on top of massive bailouts and a socialist move to entitlements.

It seems that they are fed up with the reckless spending and massive deficits and they are going to play hardball.

Or you can sign with a publishing house, give them 30% of whatever is  made from selling books, have the benefits of massive exposure and their expertise and make significantly more with less headache.