Bank of America Gets "Repossed On" and Other Housing News

Great clip!

Yeah, thats a good clip.

But as bad as we think things are there are options that may get us back on track, unfortunately investors are still looking for 10 or 12% yearly return on investment.

This will keep money tight and slow progress to more realistic gains.

Housing for families will likely be a hohum investment for 10 more years. Buy to have a home, but don't expect to make money.

For investors (rental proerty owners), this is the golden age if they have cash or credit.

I feel we are at least 5 or 6 years away from recovery in housing.

I just loved that clip, Bridgette!

I'd like to comment on housing being a hohum investment--I think if you already own a home and are in a good mortgage there are still lots of advantages to having invested in it.  Where else can you build up equity and take tax credits on your investment and then when you reach age 62 or better you can tap into your equity for a tax-free source of funds on which to fund your retirement without leaving your home?

Investors may not be making as much as they did two years ago, but rental properties are still a great deal!