Quote Originally Posted by dontworrybehappy View Post
It's temporary. I'm calling it now. I spoke with a very wealthy real estate investor who told me that there are millions of homes right now several payments behind with no positive outlook in sight. He said by the end of the year all of these homes will be going into foreclosure and we will have a HUGE influx of foreclosed homes on the market. Unfortunately, whoever is elected in November will get the blame.

But I don't care who it is, I'm calling it now so mark my words. December/January will be UGLY. He said this second wave will be huge compared to the first wave of foreclosed homes a year ago.
I think I'll go with Buffett.

Buffett Extends Real-Estate Bet With ResCap Pursuit: Mortgages - Bloomberg