Odds ‘n Sods:
The U.S. real estate implosion begins, in earnest: A house costs less than a car in Detroit. The recent shift in the real estate market (which I predicted two years ago) has led me to believe that the best way to buy land these days is to watch and wait for bargains, particularly bankruptcy sales and foreclosures. The foreclosure rate jumped 13% in the past two months. I expect this trend to continue, especially as millions of sub-prime ARMs reset. to higher interest rates. There will be a lot of foreclosures to choose from–including some good rural retreat properties–as the …