LOST SOVEREIGNITY OIL-RICH FUND EYEING FORECLOSED US HOMES

Click on the headline to read the full New York Post article from today's news.

The article begins:

"There's a new land grab starting in America.

Foreign money, which up to now has focused its attention on investing in iconic commercial real estate - like Barneys New York and the Chrysler Building - is now moving to scoop up tens of thousands of discounted foreclosed homes across the country..."

This is completely consistant with what I have witnessed at the foreclosure autions at the Norwalk courthouse (where Los Angeles County foreclosures are sold). Serious investors make money in both seller's and buyer's markets. Here is the pattern...

When houses are selling high, they typically leverage against smaller properties to buy larger commercial buildings. When houses are selling low, they buy up as much as possible. When houses are selling high, they typically leverage against smaller properties to buy larger commercial buildings. When houses are selling low, they buy up as much as possible...

That's the whole game and if you stick to that simple formula, you'll be buying the Chrysler Building one day.