Making It Through the New Recession

The U.S. economy is in a recession, according to Warren Buffet and others. Home foreclosures were at an all-time high in the last quarter of 2007, and in some places such as parts of Florida, condos have been discounted down to 50%. If you’ve got the money and the patience, you could make a killing in real estate, buying when everyone is selling. That’s the prosperity mind, but it’s easy if you already have the money. (However, I don’t see this recession lasting long, espcially if a Democrat wins the Presidency. So if you have the money, you might consider some real estate.)