What changes are you making due to economy?

[Greg B]

Yes about the housing market. It's dropped to somewhat sane prices again. Basically we're seeing thing right themselves by default but it may get horrible before it gets better because Americans have become so complacent, without vision and community.

The Chinese are gonna get fucked. Why? Because they fell for the oldest game in the book and that was profiting from debt. They were urged to buy up American debt not realizing if it was that valuable the Americans would have bought their own debt up. Now if we default millions and millions of people in Asia will get fucked stupid.

Don't put money down on oppressive exchange practices. It never fucking works.

The world is about to get it's financial ass kicked like never before but when all is said and done it'll level off at it's bottom line and hopefully that won't be as bad as the Great Depression. It'll mean more conservation of resources and thinking clearly instead of being sloppy and irresponsible.

The next few weeks will decide what will happen next. We may well be seeing the end of the capitalistic FED and money barons coming to an end.

[Hell Puppy]

If you have the house or the credit to buy a house, and can manage a rental property it's not a bad time to buy for sure.

But you need to be willing to sit on it for 5-10 years. And you have to watch your cash flow. Gotta be able to eat vacancies and repairs or you could become one of the drowning.

I've always been more fond of undeveloped land. I like land because they're not making any more of it (well, maybe in dubai).

I have been keeping an eye on multifamily dwellings though. I wouldn't mind having a small apartment building and hiring a super to deal with all of the onsite stuff I have no time for.