I am interested in other investor's comments relative to the effect the current financial market crisis will have on real estate investing.

While I think you are right, it might be a stretch to think that we will all be waiting in food lines, I don't think things are going to be very peachy for much longer.Most everyone in the 30s probably thought the nation was in the 'information age' also.It's hard to see the effects of this economy right now, over the next year, as the credit crisis takes its full form, you will start of actually see people losing jobs.

I'm relatively new also and am focusing on wholesaling for much the same reasons you stated.

One article says that there has been a sharp increase in the number of families that are actually sending money FROM Mexico to their relatives in the US to help out.

Loan modification (relatively unlikely on an investment property)6.

Then, they talk you into a relatively expensive bootcamp.

I'm in the process of setting goals and plans for myself, but much farther out than normal, I would like to set RE Goals out to 20 years to reach my desired net worth.I've realized that setting high goals for yourself aren't a bad thing, I set my real estate related goals to more than double what I expected I could do, and so far for 2008 I'm at about 70% of my goal which isn't bad at all becuase I surpassed my low goal half way through the year.

So not only to convervative hard working people have to bailout the deadbeats because we have to pay for there modification through more taxes but now our value in our house will drop in relation to the % of principal write downs.

The only guys that maybe did that come to mind were at the dawn of the tech age much the same way a couple guys at the dawn of the industrial age did.

However, they are making it harder and harder for SFH's to house a portion of the college-aged population.