The most recent news on sub prime lenders should make an alarm go off! This is a fantastic opportunity to pick up some decent real estate or stocks of real estate companies that have sold off. I am sure there are mortgage companies and land out there that are selling for less than they are worth. But don't buy just to buy. Do your research first. Remember Rule #1; Know your investment inside out before you put money towards it. I would love to hear of any that you might know.
Take a look at this article from Marketwatch. There is a REIT out there thinking along the same lines.
This is just a thought but I believe Detroit will be a fantastic long term (10 + years) place for real estate.
The Wikiwealth portfolio consists of the following:
March 55 Call for Electronic Arts (www.ea.com)
Sharebuilder Money Market (www.sharebuilder.com)
Have any ideas, questions, comments, web sites or different blogs to look at? Email at email@example.com.
Take care and happy investing!