The problem is most Americans don't understand what can happen to THEM if our banking system takes more hits. My advice is to refrain from taking on more debt except in real estate, if you have investment capital.
That is contrary to what others advise, but if there is a real estate bargain there are renters now and it's likely even more in the coming year.
When to buy is the question. Once investment begins in real estate you could be too late. So, watch for the lows and the beginning of an upturn, then find a bargain and buy it!
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Another meeting, another day and they all looked scared! I cannot believe the mess we're in..the bailout is going to take care of the builders and developers and hell with the home buyer. There was some real money made in THIS bubble! And, guess what, they think they need a bit of regulation. In the meantime the American taxpayer is footing the bill to bail out Wall Street. Well, if God is good to us we'll be rid of this administration by the end of the year. Unfortunately it may take us a generation to recover.
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