I have free glass now, but if it hit the roof of the car next time, I'd have another $500 deductible to pay and I wouldn't let it slide with the landlord.

The higher class neighborhoods will start to see a substantial drop and more foreclosures start to hit the market.By the summer we will see commercial real estate drop in a huge way.That sounds pretty grim, but I still think there is money to be made and some super deals out there, just BE CAREFUL.

He hit the nail right on the head.

I always consult my CPA BEFORE I do a refi, cash out, sale...so he can advise me on tax hits.

Either the train is going to hit you or you are going to get out of the way, just in the nick of time.If you are a wholesaler and I am a wholesaler, which by the way I am a buy and holder first.

He was a risk analysis type with Wall Street before he came up with the theory that the unknown will always be the downfall of such projections.His stock investment strategy was exactly what you stated Jeff in you post, 80% safe (so you can't lose it)and the rest in highly speculative things because if even one of them hits you are rich beyond your dreams.Each crisis including the one we're in was caused by events that were "large- impact, hard-to-predict, and rare events beyond the realm of normal experience".

I don't believe real estate has hit bottom in hardly any places in California.

Our median housing price took a 34% hit '07-'08 and I wouldnt doubt that we loose anothe 20%+ this year.

Has anyone else read this?

http://realestate.msn.com/article.aspx?cp-documentid=16701397

Interesting ideas for tenants. Has any landlord re-negotiated rent, perks, lea...

Enjoy those types of deals while you can and get educated for short sales to hit over there.