There is a group of economists that saw it coming - the Austrian economists.

-based Tranzon Integrated Property Group, said that the possibility that a wave of REO properties is about to enter the market creates uncertainty and puts downward pressure on prices."

This revelation of the true depths of the crisis bodes well for the bulk investor, it gives ammunition to the skilled negotiators out there who are doing short sales and single REO purchases, and it reminds us all that groups like the National Association of Realtors, that had an affirmative duty to protect us all is finding it increasingly difficult to spin their failures.

Hi Joe,Welcome to the group.

Hi Bob,Welcome to the group.

Hey Joe . . . you should check out the Pittsburgh Investing Group.

Hi Brian,Welcome to the group.

Congress scolded insurance giant American International Group Inc. for spending $440,000 on spa treatments for executives just days after the company took $85 billion from taxpayers.

My wife and I recently used biggerpockets to land an introduction to a successful group of investors where we currently live -- basically with a similar intent as yours.

Hi Matthew,Welcome to the group.