[mhx]

Great ... always in the market for prime real estate.

Me too. I've just been waiting...

[Sender]

In the long haul, owning land and properties is always a good thing if you can afford it. As the old saw goes, they aren't making any more land unless you count dredging and filling to make sandbars. If you can afford to buy properties while the market is at bottom, you can't lose.

However all the speculators and house flippers who mortgaged way beyond their means hoping to make a quick buck, and bought while the market was at its peak, are going to be disappointed. If they can afford to hold on to the properties for a few years they will still make a buck.