Originally Posted by Burridge

I know it's a shit time, but I'd like to set myself up for the next wave. I'm 22 and when things were actually good I was taking ecstacy and trying to finger girls.

I'm looking at short sales on Staten Island right now which is where I live. A lot of people who were extended ridiculous credit are looking to get rid of homes at stupid low prices and I'm trying to take advantage.

The houses I've been looking at are all Section 8 rentals in rather ghetto areas (albeit neighborhoods I feel will get better within a decade or so) that were bought as investments for like $600k 2 years ago and the folks are having trouble getting rid of them at even 300k at the moment.