[quote=poorsaver]I would welcome the foreclosure wave around my neighborhood (Diamond Bar, eastern LA county). There’s only one foreclosure listed in a neighborhood of over 700 homes. This explains why prices are holding firm near all time highs. Meanwhile I rent and wait, and wait….[/quote]
Don’t worry – your wait would surely give you some meaningful yield, however you need to be firm on the wait – don’t even get into these cheap tricks giving to us these days as 8K bonanaza etc. The plenty of drops and heavy downturn is ahead
