And these "deficiency judgments" are ticking time bombs that can explode years after borrowers lose their homes.It can even happen to people who got their bank to approve them selling their home for less than it is worth.Vanessa Corey, for example, short sold her Fredericksburg, Va., home in April 2008.

This is a cool thread, and like someone said above, I'm impressed about the practicality and frugality of most members...I drive a 2003 Hyundai Tiburon GT, 140K miles on it, been paid off since 07, will drive it til it explodes...but am looking at getting something newer in the meantime, after closing some deals..

Thank You so much Steve I will check it out..those who sow seeds of growth for others.will explode with Great Karma.....

Right now I'm trying to explode my business and take serious MASSIVE action and catapult it to another level.

Feels like that's exploding right now - some friends just got an offer accepted in the area, they're really excited.  

After a Dave Ramsey "moment" I have found myself debt free, 39 years old, in a rental (as I haven't fount the right deal on the home and property I want to own) since selling my last home.I'm in an area that has EXPLODED in value due to recent oil field activity and a shortage of homes for sale, much less for rent.My initial thought was to continue looking for that 50 - 100 acre property to build a home on so that I can leave my kids that "legacy" that many of us in Texas dream of.My thought process has changed as I can't afford it in this area and school district anymore.I'm considering buying 10-15 unrestricted acres and buying a mid sized mobile home to live in for 2 years while continuing to save for that bigger property and modest country home to live in.I'm watching single wides on 1 acre rent for $1500 per month in this area and double wides rent for $2,000 + while larger stick built homes rent for $4,000-$5,000 per month as the oil field workers will "split" a 4 bedroom home at $1,000 per month each without batting an eye.My thought is to buy this property, put the double wide on it, live in it for a couple of years while adding a single wide rental or 2 per year in the process.This oil activity (The Eagle Ford Shale) is expected to be a "20 year play".I can pay cash for the property, as a conventional mortgage would likely prevent me from "splitting" the property into 1/2 -1 acre tracts with mobile homes if I wanted to.My thought is that if I can buy this property at $10,000 an acre, put a used yet remodeled double wide on it for $60,000 - $70,000 to live in temporarily while adding a few $25,000 (after utilities, septic, pads and driveways) single wides that would rent for even $1200 per month I could fund and cash flow my goal of that 50-100 acre "home stead".Have I lost my mind?

We looked at 14 houses before we landed on one that tripled in value in neighborhood of Nashville that exploded in value over only 5 years. 

:)For the past decade we've seen the population along the Front Range explode while new development can't keep up.

However if your looking to rent, the market is exploding.

Looks like Orlando's exploding.