Have you been hearing that it’s a buyer’s market?  Take a look at local home prices.  Have you been told that there’s no time like the present to plan your retirement?  Again, take a look at those prices, and then think about investing for your future.

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You’ve certainly heard and read many reports about defaults on mortgage loans.  There are many reasons homeowners face such situations, some of which are completely beyond their control.  There are also several solutions, but each carries a consequence.

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You’ve undoubtedly been hearing and reading about the “subprime lending crisis” hitting the real estate industry.  The bottom line for buyers is that it may be more difficult to secure a mortgage in this atmosphere.  It then follows that demand for rentals may increase.

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Remember playing “Monopoly”?  “Do not collect $200!” became a household phrase.  Sometimes, towards the end of the game, you might have sold a property to another player for half-price just to raise some cash.

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