Actually, we have no idea about the price of cars in China but foreclosures have a heck of a lot to do with the price of rent in the good, old United States of America. Our government really has turned out to be a wretched collection of miscreants. First, they cause the crisis of foreclosures by forcing lenders to extend mortgage credit to people who had no financial ability to make mortgage payments in the amount they were receiving.
After the predictable foreclosures explosion, Uncle Sam rushes in with an armful of bailout programs he can’t pay for and suddenly we’re in a recession. Now we have families on the streets en masse searching for rentals because they got booted out of the house they couldn’t afford, and are finding the price of rental apartments and homes have shot up in the wake of the increased demand. Foreclosure and rising rents. This legacy is what we pay our leaders for? We’re not sure who the bigger idiots are – politicians or the voters who return them to power time after time without a smidgin of evidence that they have a single clue about what they’re doing.
So what can you do in the face of these foreclosures? We’d suggest run out and buy as many as you can, under the proper conditions of course, then turn around and rent them out. Done properly, according to Jason Hartman’s proven real estate strategy, you can build wealth while everyone around you is losing theirs. One thing you can be sure of, whether buying or renting, everyone must have a house. It’s a universal demand. Seems like there’s never been a better time to be landlord.
The Creating Wealth Team
flickr/stuartpilbrow
