House Hunting.

Im looking to pick up some rental properties, and spent the morning with my realtor checking out a few places.

Holy cow is it a buyers market.  Its a price war in the down direction.  Everyone is scrambleing to be the lowest cost house so it will move faster.

Ive been waiting on an answer to a  short sale offer I made 3 weeks ago and Im now starting to feel like my offer is too high.

If it were possible to get 100% financing, you would still be positive cash flow from day one...and prices are still going lower.  I would buy 50 houses if I could get the financing.

Its a weird feeling to be looking to make a killing off other peoples pain.  Saw several families moving out while we were looking at the house next door.  Very sad.

On the other hand, I remember all the funny looks I got from people when I was the idiot who wasnt funding toys with home equity or leasing a beamer...

My guilt doesnt run very deep.