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The Price is Right: Market's Loss, Investor's Gain

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Market down, investment up. Staggering! Indeed, one property owner's loss is another's gain, as the market slump is coaxing novitiate and veteran investors alike to take advantage of the free falling market. Says one bright-eyed and bushy-tailed buyer in today's Chron: "The way prices have come down is absolutely amazing," he said. "I think it's a phenomenal opportunity for the small investor to buy their first rental properties." Awesome! While most investors are still riding the bench, those who have it together old-school style— solid credit, gainful employment, well-hidden drug habits— now is the time to capitalize on tanking property values. Be realistic: San Franciscans are rich as hell, so don't expect to find hott deals in the city; hightail it to some suburb where hell fire and damnation have already decimated the market. Try Vallejo! Solano County, Richmond, Rodeo, eastern Contra Costa County, San Jose and Oakland are also in dire straits, says the word on the street. Be careful with interest rates, and for the the love of God, don't buy shit that you can't afford. If there's one thing we have learned from this whole mortgage spectacle, it is that.
· Timing may be right for real estate investors [SF Gate]