It's going to get even uglier (better)

I was looking over headlines tonight at WSJ.com.

Amazing properties are going for 50 cents on the dollar or less in most parts of the country.

In Maricopa, AZ, outside Phoenix, in this former boom town, homes are going for under $70k (new).

Houses in Salem, Oregon, where I live, have falled 7% this quarter, according to zillow.com.

It looks like an amazing time to be generating hordes of ca$h, and waiting for those once-in-a-lifetime purchases to come along, then pouncing like a sprung panther.

If you’re keen on investing your money wisely, you’re definitely watching YOUR market and the changes it’s going through. You’re meeting semi-regularly, at least, with real estate brokers in the know, appraisers, watching the newspaper (soon to be Internet only based on what I am seeing), and planning your attack.

My sole focus paying down our home mortgage. Once that’s gone, in the words of a former friend, “Katy Bar The Door.”

Adios.