If you've been following the crises in mortgages, foreclosures and the like you might have also noticed there have been recent foreclosures on Oxford St in the paper - two in a week in fact.
Now two other areas are being hit - student loans and auto loan defaults.
For investors they could probably pick up some deals (if you have the cash available). I did this back in the early 90s on some property in NH. Here's a list of homes in foreclosure around the state - some good deals and others probably heading even lower.
A good time for buyers (well better than it was a year ago), maybe not so much for developers and sellers though.
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