"Always bet on black."
-Wesley Snipes, noted economist
Well, in the big picture, I think the economy will bounce back. It's a safe bet we won't stay in the red forever. It will take longer than it should because both major political parties will race to proove that they are the most generous by giving away taxpayer money in order to get votes during this upcoming election.
My feeling is that from here on out, it might do us well to do things like not use leverage like crazy. And as a corrollary of that, focus on cashflow first, then things like taxes and equity build up. Get properties (like these)that lots of decent tenants would want to live in. Maintain those properties. Go for making more money on each rental instead of haveing alot of rentals, each of which makes you about $10 a month. Remember; the goal is to make alot of money, NOT just to be able to say you have a lot of properties.
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