Some individuals are having a difficult time.During the real estate boom there were still people not doing so well.This is because they made bad decisions and are suffering the consequences of living too high on the hog during the boom.This is the kind of economy that will create many millionaires, take advantage of this time because there is plenty of money to go around.This is just a natural thing in the economy.It is called a correction in the stock market.If you believe the doom and gloom of the media your doomed anyway.Our economy is the strongest in the world period.The question I have Is there food on your table a roof over your heads and cloths on your back.Hmmmm I guess your not so bad off.You just have to give up a couple of luxuries.Maybe you can;t afford that new model of 10,000 inch plasma screen TV oh well.If you have the neccesities and your family there is nothing to complain about.My wife is filipina and i have been to the philippines.

My profile doesn't seem to be updating correctly.

Just get bids, check your rents, figure out the math, and buy.

No matter what the seller is getting hit with a 5% fee...the only difference is whether all 5 % goes to the seller's agent or 2.5% to seller and 2.5% to buyer.Am I understanding this correctly?

I'll leave it to the reader to decide which is correct, but I certainly think that these wild claims must be challenged every time they come up.

HEY, what's the etiquette for correcting an adults spelling or language?

The law of supply/demand has a lesser effect during market corrections like now.

So am i right about the fact that i will be needing 2 contracts correct?

Cameron,Welcome to the site...you are correct that it is the cream of the crop.Do you have any idea what type of investing that you want to do (rentals, wholesaling, lease options,etc.)?

We won on our bid for an amount that we think is below FMV for our area (I hope).