I just got a call from an investor friend of mine who was at this morning's San Mateo County home auction. The auction was delayed because the crowd became too big. The police had to be called to do crowd control! My thoughts - way too many people being "educated" at investor seminars on how to benefit from the foreclosures and to get rich quick. When everybody is doing it...
There are still real estate market segment where you can get very good returns, safely and not have to be fighting with mobs as if Loehman's was having a year end sale! BTW - I buy all my 100% cotton dress shirts there - 15 neck, 32/33 - in case you feel generous:-)
