I was listening to PBS Newshour the other day on my Zune and one of the hosts was talking to a guy about the real estate market and what the recent sales meant.  Just when I was disagreeing with the first guest, the second came in to justify me!  What I'm guessing is that pretty soon, the people who still have money are going to start buying up all these foreclosures and unfinished homes to flip for some quick profit.  I sure would like to pick up some Outer banks foreclosures, by the way.  Some of those outer banks places are NICE.  But I digress.

At any rate, since most of those are going to be investments, they aren't likely to be paid for in cash, and if the economy even so much as hiccups, then whoever is holding the notes on those houses is going to be EXTREMELY nervous.  I'm thinking that real estate won't be solid for investment vehicles for at least 6-8 years.  Which is fine, because that just makes it more likely I can find my decent handyman special when I'm ready in 3 or 4 years.  Wish me luck.