When the market crashed we were living in Shasta County, CA, and moved to Orange County, CA knowing so cal is always the first to rebound.

Seems strange given most markets are rebounding.

May rebound but the oil business has fundamentally changed in the last 5-8 years so it may not.

When the rebound comes, what is going to change?

Maybe the market will rebound in fived years as well.

So the treasury buys this loan and then, if I am hearing the plan correctly, will wait for the market to rebound and then sell the asset so that banks don't have to deal with "firesale" prices aka the actual prices of these assets.

Since we wont be losing money on a monthly basis (hopefully), I am not too worried about how long it takes the market to rebound bc I will be happily living there and will have willing tenants.

You folks here are going to be my right-hand per say, because of the wealth of info here is just amazing.I live in a city that has been kinda on a re-bound, due to past city council flubs

Right now the real estate market is especially low in my area, but most sources I've researched seem to indicate that it should rebound in late 2007.

So that's probably going to cost around $220 a month.Investment Payment $760Investment Homeowners Insurance $100Investment Taxes $100 (you will probably not get assessed your first year and just pay on the lot)Primary Residence Increase $220Total Cost would be around $1,180 and you would have to pay a property manager around $100 a month.Looks like you could almost break even on it with the right mortgage and taking the cash out of your primary residence.Things will rebound eventually, so if you can slow the bleeding down to a few hundred a month you can hopefully stick it out.If you have been doing pre-construction since 2005 I am hoping you made some money somewhere to ease the pain.I did this on a few properties in Lakeland, Florida.