There's too much negativity in the news about the market and finance, I rarely turn on my TV anymore because of that. My solution is to use RSS feeders to get the news and weed out the negativity and focus on what to bring to the table.
The point is just because they say we are in a slump let's start thinking outside the box, when one door shuts another door opens, am I right?
Optimism isn't always a frame of mind. It also has a lot to with your finances.
The golden opportunity here if you will in this real estate slump is for the people who don't want to sell their homes but want to buy. There maybe a solution to our stasis equity situations and the so-called real estate slump we are in (Hogwash I say)
Most markets like my market in Virginia Beach, has an avalanche of cornucopia of Second Homes/Vacation Homes. With a simple cash out refinance or HELOC loan on your current residence, a property owner can take advantage of some prices at a steal and get the vacation or second home of his/her dreams.
The simplicity of it all, is low home values and over abundance of these type of properties should be a golden opportunity to hop on this train and take advantage of this while you can.
Timing is everything for investors, and property is no different. Areas that in the past enjoyed skyrocketing home values, including California, Florida, and Nevada, now offer condominiums at rock-bottom prices. People who are looking for a second home will get two benefits effectively with one purchase.
If you haven't been to Virginia Beach, There is a ton of Vacation Homes waiting to be grabbed up in Sand bridge right now that are calling for a new home owner!
So get off your chair, start your search now for that ultimate vacation home and if you need financing , just give me a call :) 
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