How many houses are you going to buy this yeaqr?
The low end in the market can be rented out if financed low enough for cash flow. After tax savings, (Obamama is going after the middle class next) a guy can make a few bucks. Maybe!
Buy older mobile homes for cash and then resell them on time will work better, I think. Easy to do. My landlord has been doing it for years.
From David Streitfeld at the NY Times: Home Prices Decline Again in March
In many urban areas, including those tracked by Case-Shiller, the residential real estate market is essentially cleaved in two. The top half of the market is largely stagnant, with owners unwilling to sell and buyers unable to buy. “Move-up” families seeking another bedroom or a better kitchen are an endangered species.