I agree loan mod's do not work, first of all most are not "modifing the loan" what they are doing is lowering the interest rate and payment and making the rate fixed for a priod of time (2yrs, 4yrs or even 5) the majority of this loan mod's the principal still stays the same so if person owed 600K on thier home they will still owe 600K at the end of thier agreement, now what about property taxes as far as I know you can not "modify property taxes" when a lender agrees to a loan mod. they will now include an escrow account and the homeower will now have a much higher payment with a new lower interest rate, what does this mean to all of us more short sales, now one thing I have not seen discussed here is the Mortgage Relief Act this is very important to keep in mind, according to the IRS this will end on December 2010, so let's a homeower can get a loan mod in 2008 and he loss his or job in 2011 the IRS says now you will get a 1099 for difference of what you bought to what the bank took it back at, what does this mean the howeower would have been better to have completed a short sale in 2008 so that could qualify not to pay taxes on the 1099 they got.

More and more, we have a boomer economy where people move to where the jobs are.

Do you think that alot of investors will be out of a job so to say and just have to sit it out?

Approach is the key to the market right now, and either your realtor is lazy or sucks at his/her job.

I would consider other factors, like job growth and the very local economy, too.

*By the way, it's "asset" not "assett" I'm not normally a spelling snob, but it is your job title.

My payments are 1200 a month, me and my wife (we've never married) have secure, decent jobs and can save about 1000 a month.

get a part time job delivering pizzas to make it work.

Like Mike said, their job is to handle that - no need to micro-manage.Like the others have said, part of the business is having vacancies.

Maybe I am young (25) and naive but this seems like drastic overeaction.I seriously doubt with every bone in my body we need to be stocking up on guns, ammo, food, safes...etc.It's almost laughable.I think we are heading into tough times with a depression looming but come on....Maybe I am just to sheltered in the nice rural town I am living in right now.All you guys are fairly logical and to my understanding aren't total wack jobs.