Surveyor, I disagree completely. Foreclosures everywhere are due to high prices of housing…Period. I understand that all real estate is local…..but I don’t believe there are many good markets right now. (I’m a former Realtor in San Diego and I was involved in nearly 100 transactions in my relatively brief career before leaving the industry for greener pastures). Just because prices in certain areas are lower than others that does not make them a good deal. Texas, South Carolina, North Carolina, Tennessee and Atlanta are NOT booming. (Booming in unsold properties maybe…In fact, last I heard Atlanta had over 100,000 homes on the market). Those areas were booming a few years ago when California money was buying many of their properties….Now many of those “saavy” investors are holding a declining asset with negative cashflow each month.
