Changes that are going to be bad for a lot of people are going to be good for those who can exploit them. I must confess to being of two minds. On the one hand, I’d be blissfully happy if the current real estate party never came to an end. It has created fortunes for millions of people who would never have had any other way to rise into upper middle class comfort. Indeed, I’ll lament the vanishing of the extremely good times we’ve all enjoyed these past few years. On the other hand, tight credit promises a cornucopia of opportunity for those who buy foreclosures.
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