Sharad it depends on the bank itself and what their books look like.In a depressed area already it doesn't make sense to do repairs as the property will be vandalized yet again and the bank will throwing money down and endless hole.If you have say one or two foreclosures on a street in a nice area then yes a bank might do repairs to sell to an owner occupant at a higher price.Depending on the age of the home you can't do just carpet and paint.The bank would need to replace all outdated fixtures,countertops,change layout problems,etc. to get full price.Paint and carpet will not get them close to full value as a buyer coming in will want everything done.It's like a flipped house that has been half way done.The buyer will deduct all the improvements they will have to make for it to work for them in the offer price.There are some banks letting the former homeowners rent in the property.It keeps the property occupied which gets rid of banks dumping for cheap.The bank hopes when they do sell in a few years the market has recovered.

First, realize that Keynes was not anti-free market -- he just came up with most of his ideas during the Depression, where his theories focused on how to attack high unemployment and tended to be pretty insightful.

Double digit gain from the first quarter to the last 5 minutes and Kansas gets to trail by 9, a mental barrier broken by the double digit depression.

This depends on your ability/desire for different things.I like flipping and being a landlord, so I would dedicate about 50-60K to acquiring rentals (get some passive income coming in) and the other 40-50K towards a flip or two (work on a big pay-day so you can do it all again).A split approach allows you to focus on both the short-term and long-term (short-term = flips, long-term = rentals).I'm not uber familiar with MI real estate, but my impression is that it is a little more depressed than a lot of other states/areas.

Check out "The Great Depression Ahead" by Harry Dent.

Thus a bad non-paying tenant in an SFR meant no help with the mortgage payments for AT LEAST 6 months.But it seems with the depressed housing market for sales, increased tenant pool resulting in rising rents, advancements in technology used to screen tenants and a more 'pro-landlord' court that has shortened the eviction time down to 2-3 months, SFR's as rentals are getting a second look.

That was depressing.

If people get greedy (lenders in 2005) the economy is meant to go into a depression or recession to correct the natural flow.Big companies that got too greedy are meant to fail and go bankrupt.

Everyone was greedy and like the Tulip bulbs of Holland- There is great depression following a giant run-up.

It also seems like the banks don't want to dump a bunch of properties at the same time and depress prices even further.