When I paint over the area, I can still see the depression where the original paint is missing.

The country is on the verge of a depression and truly outstanding deals abound (with even better deals on the way).

I think, with the scrutiny of the world upon them, they (banks and government oversight) will wake up and smell the coffee and perform as admirably as the Home Owners' Loan Corporation (Depression era) and the Resolution Trust Corporation (savings and loan crisis).

A lot of people facing foreclosure that I have spoken to recently are are not able to refinance their homes due to the ever-tightening lender requirements in this depressed real estate market.

I don't think we are going into a depression.

Black Monday marked the start of the Great Depression when the market tanked.

So if it takes about 3-4 months to foreclose on someone, I would expect to see the market to be flush with foreclosures starting 2nd quarter 09 and the housing market bottoming out starting in 3rd quarter 09 since their should be less foreclosures coming on line to depress the market with.Therefore, my objective between now and then is to accumulate properties now for cash flow and position myself to be able to accumulate more property in late 09.

But look where all of the social programs started…..the Great Depression!

Further depressing the market.Am I way off track?

I think I'd have to go into the economically depressed urban areas around here to find properties like that... which would violate the safe for wife and daughter rule.