Isn't what happened last night with WAMU the way free markets are supposed to operate...the best companies with the most money gobble up the weak companies for next to nothing?

I was at a party last night and a guy told me his daughter just got a loan mod from Countrywide and they REDUCED the balance owed and reduced her interest rate to a market-rate fixed loan.

Please be careful when you're buying properties on line or from seminars.

Maybe look for a discount agent who will place it on line and handle disclosures but not be required to do any showings or negoitiating.

The Senate passed "a bill" last night.

The government will pull out all the stops to make MM's good.Also,interesting side note, the bond/futures/gold markets are showing that the Fed did a 'super-secret' interest rate cut last night from 2.0% to 1.25%.

In the next couple of years when all the adjustable rate mortgages start to come on line we are going to be facing this hole problem all over again.

Everything you need is right online.

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.

My campground is not a destination campground per se, it is more of an over night campground.