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Television commercials and full page advertising is blanketing the Portland Metro area right now. The message is "get rich quick" by buying foreclosures. Headline in the Oregonian says "Buy Real Estate 30% to 50% Below Market Price." The advertisers are focusing obviously on people who are least qualified in term of credit. . Obviously attempting to lure more suckers in for exotic loans. My telephone has been ringing off the hook from automated calls pitching loan scams. Yesterday I spent eight hours out looking around. Every neighborhood has "for sale" signs with "price reduced" notations. 2007 will be very interesting. I have no plans to take action next year. Better pickings will be out there in 2008.

I agree. Although, I would wait even longer as this correction will probably last quite a bit longer given how distorted the housing market has become.