Great post churck. I heard this saying years ago from a mother to her daughter. The daughter was complaining about how hard life was in the new area her and her new husband were forced to move because he was in the military. The mother said: "Two men looked through prison bars, one saw mud the other saw stars."

Great lesson, Chuck - it can be applied to real estate investing or life in general.

Chuck, great analogy. I agree, and as Candace quoted Warren Buffet, "be fearful when others be greedy and greedy with others are fearful."  Now is a great time. Nice story.

Nice post. My Dad used to say "do SOMETHING, even if its wrong", sometimes you just have to take chances. I've found that very few mistakes are irreparable.

Thanks for the comments Alan, Jackie, Teri and Leslie. A great deal of money is going to be earned by those who choose this "buy low" period.

Nice post.  I am on the fence myself and really need just a little nudge, maybe this is what I needed :)

Dawn- all the elements are in your favor right now: low prices, low interest rates, cashflow possibilities... you can do it!