[Normy]

Housing headed downward.

Yes, but there is still money to be made. I fly airplanes for a living, but on the side me and a friend own a company that buys houses around Fort Lauderdale and resells them after flipping them over. Bad real estate market? Hello? Last year we turned over every house we bought, and in the end our tax return indicated that our company made 6% on our investors money.

This year? Remains to be said. If everything that we think will sell does..we will be pretty close to last year. But one or two sales gone sour? We are in the red.

The long and short: There is ALWAYS a way to make money in real estate. Everyone...save the bum who lives behind the local Publix grocery store...needs a place to live. Prices going up? Money to be made. Prices going down? Money to be made. All it takes is research.

N