Its called Catanzaro Way in Antioch, California… take your pick…
There will undoubtedly be some money made by the bottom-feeders of the real estate market. And by bottom feeder, I mean opportunistic investors who use market conditions as a lever to snag inventory on the cheap. They feed off the market at its bottom. Because lets face it, what goes up must come down, but when it comes to housing, or just about any other investment, what comes down goes back up … eventually.
We’ll see a deluge of infomercials hosted by “real estate gurus”, featuring average looking folks sitting poolside in a Hawaiian shirt at some resort in Orlando, and talking about their bounties in terms of monthly incomes. For $99 or $599 or 3 easy installments of $129, you can buy the books and tapes that unleash the secrets of how to get your own Aloha shirt and two tickets to the Radisson Disneyworld. We’ve seen it all before… These guys who make a living selling the recipe instead of baking the cake are arguably the real bottom feeders, but I can’t tell you who is/isn’t legitimate in that world…
But timing the markets is the challenge. Once you hear its time to get back in, it might be too late. So understanding how to find a good home, a good investment deal, and manage it safely without exposure to excessive risk will be the key until the market booms again. We’ll definitely be keeping an eye on this…