Fab From Michigan

Falling Prices Stimulate Michigan Home Sales

Yes, Many of the people in Michigan are scared to buy the homes. Loan originations are down by almost the same percentage that rentals are up, creating not merely speculation, but oportunity for those with the foresight to capitalize on such investments due to the increase of rental demand. Buy a home for 18K put 5-10k into it. Get a Section 8 lease paid from the government and you have cash flow. Cash flow put's money into the economy. Not exactly the recovery that everyone wants, but it's small steps in the right direction and at least there are some people buying out there rather than no one at all.

"Be Fearful when others are Greedy and Greedy when others are Fearful" Warren Buffet.

go to: fixhousingfirst.com if you want to help the economy, until housing stabilizes, we cannot expect anything else to.