Prices on homes $150k and up are still dropping here, but the market is holding steady on those under currently under $50k (which were in the $120K range in 06-07).

My older brother has taken a look at what is going for under $50K here and is interested in partnering up on a few more houses to rent out.

Right now, we're still in a renter's market. There's many that either walked away from or lost their higher priced homes that were stuck in the ballooning interest rate loans, so the number of those interested in renting is skyrocketing around here.

Banks don't want the properties, people can't afford to make the payments on them, so prices keep dropping.

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1987 560SL
85,000 miles