Rich, knowing how experienced you are, I have a prediction: after 30 minutes at the REDC auction you will walk out in disgust.

And I especially liked how Steve Forbes predicted we'd have a flat tax in five years!

I will 1. determine if Obama's second wave of housing programs relieves my negative equity (within the next 90 days details will be public enough to understand/verify)2. pursue the best avenue to default on the 2nd lien and have it removed from the home's debt (upon determining that no program will help reduce principal for me, whihc is my prediction, due to the fact that, technically, I CAN pay, and others, who can not, will come first, understandably) 3. continue work on packaging consultant services and creating unique materials to support those services that produce minimal additonal income now and yet pave expanded professional earning and freedom opportunities for the future4. complete my doctoral degree to enhance cerdibility in my field and improve marketability of consultanc in futureI have written similar question/posts before but they were not titled "Wisdom" reading other posts on this forum made me think of that title - hmmmm...you DO "get what you ask for" after all.

I do predict a double dip in FL over next 18 months.

That way, he has the incentive to think about my profits while also having some security of a predictable income.

There are far too many variables to predict an outcome.

Then again, few predicted the bubble bursting.

You can try to forecast your future outlays, and use your income and outlays to build a model that predicts your IRR at various points in time, depending on when you ultimately decide to sell.

My concern is the typical 5 year balloon.It is always tough to predict interest rates 5 or 10 years out, especially in this economy.

My predictions isCA, PA, NV and MIWhat do you think?