What Would a Second Wave of Home Foreclosures Really Mean?

Foreclosure CrisisEarlier, I wrote about how Warren Buffett and John Paulson both liked housing as an investment right now, and then agreed with the reasoning presented.

After thinking it over some time, I’m now personally looking over local listings for investment reasons, and will likely try to buy a home over the next 12 or so months. Over the long term, I’m bullish on real estate as a great tool for personal financial security or even income investments.

But that doesn’t mean, of course, that housing prices couldn’t fall in the meantime. It’s possible for an asset to be a great long-term investment and still fall — even a lot — in the short or medium term. I wrote about this in my gold prices article from several days ago.

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