Paul Krugman, the Nobel Prize winning NY Times columnist and noted economist, thinks the plan is doomed to fail.Considering that Professor Krugman is a major Obama supporter and Keynsian economists who believes in big spending by government, this is a signal that all is not right in Obama-land.From Krugman’s March 22nd column:Speaking of the plan: This is more than disappointing.

I know the latter is much more involved an more expensive, but when it comes to selling, could the newly built couse be more financially rewarding in the long run?

(not to say this method cant be a success for you).and i would only hope that if youre going to go through an agent, that it did work out for you.To make a long story short...about a two years ago--i began title searching home owners who were just about to hit the 90 down mark..well, it took alittle ground work--who am i kinding, it took alot of ground work in going to the homeowners directly, knocking on doors, and getting the deals before the REO listing agent did..for some reason, the harder and more resouceful the investor, ive learned the bigger the rewards..

In fact, I'm the one more likely to take my business elsewhere so that I can get better rewards.

You are an inspiration to the few that's waiting patiently to reap the rewards of real estate investing no matter the amount of the first, second, third check and the many other checks to come.The fact of the matter is you learned what it took to get paid :roll: and you made it happen.

But remember the lenders are into risk/reward also.

You'll learn along the way but since you aren't providing any capital you won't get as much of the reward (but still something).

I approach every contractor as an investor and reward good work with plenty of follow up work on a future project.

I would look into those possibilities before going into a boarding house situation, as I think that would be way too much management and headache for the rewards. 

This shows me there are still some good hard-working people in the world, pushing through the tough times & are rewarded for it.