CNN says 'these are the glory days of the residential real estate investor'. Not the one of a few years back, buying and flipping, but the new breed of vulture investor. They buy distressed properties - those in short sales or foreclosures - and hold on to them as rentals. It takes a long term approach which is arguably the way to go...planning no price appreciation for a couple of years but enjoying a strong rental market and good occupancy rates.
I know of a couple multi-family units coming on the market so if this sounds good, let me know!

First time Buyers are stealing equity. Those of us that bought on the mid 2000's...not so much. With the Buyer's market we are experiencing, and the phenominal interest rate, these first timers may not even know, or care, that they are hoarding equity to come. If you have a decent job and can buy your first house....get on with it. I wish I was in a position to buy....course.....I'm one of those that bought at the hight of the market. Sigh.