I don’t mind Bush is recommending the forgiving of tax for people under water. Yes, that means less tax revenue, but it also means the next few months we are going to see the majority of people who bought in 2004 to 2006 foreclose. The market will be saturated with REO houses.
I’m saving up a nice 20% down payment, and lowball everything that I like. I’ll be busy in FEB/MAR.
