Thread: In my novice opnion........
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Old 01-30-2009, 07:31 AM
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Default In my novice opnion........
The way I see it, McCain was right, buy up all the bad mortgages, package them and offer up for bid. There is money out there and investors will pick them up for pennies on the dollar, cleanum' up and sell. That's the fastest way to get the housing mess straightened out and back on track. Of course home values will be readjusted but that's just the way it is.

Last year about this time, my brother and I were in the process of picking up a couple of repo's, we decided to hold off for a while and glad we did, because it just got worst. I would gladly buy in 'now' for pennies on the dollar, if I have the chance.
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