The carnage will continue.

"To be frank, since the TARP money came in, they are still selling off (properties at auction), but they kind of took a step back." . . .Real Estate Disposition LLC (REDC), which claims to be the nation's largest real estate auction company, held 300 ballroom auctions in 2008 and sold nearly 33,000 foreclosed homes for $3.4 billion -- a seven-fold increase in sales volume and nearly triple the proceeds the company generated in 2007.Company CEO Jeffrey Frieden said he expects to "smash that record" this year as banks and lenders continue to amass a huge inventory of foreclosed homes and are more motivated than ever to sell their inventory. . . .Some observers fear that if the massive amount of debt the government is taking on to stimulate a recovery, inflation -- and higher interest rates -- are inevitable consequences.

Later a broker friend talked me into getting another one & working for him whiIe continuing my investing.

We wouldn't think of funding attacks from outsiders that wish to intentionally destroy America, so why do we continue to fund these corporations that are destroying America, even if they are only acting negligently with no intent whatsoever?

Stockton is arguably the worst declining market in the State.It will in all probability continue to go down before it bottoms.

I've been succesful with real estate before this program even existed and I will continue to be successful in real estate, should it go away.

Most markets expect prices to continue to slide for some time yet.

"This year, we have the unique opportunity to bring together our Wells Fargo and new Wachovia mortgage consultants to focus on continuing to do all we can for U.S. homeowners," Waetke said.

It's taking capital, putting it in an asset (the business), and generating income from it.And if you run the business correctly, you're not putting in a lot of effort to continually generate returns.

Anyways, now that I've got that rant off my chest, let me continue with it.