Now that's just ridiculous, but oddly enough I still really like the guy.
It may seem ridiculous but as fast as some of these foreclosures get gobbled up someone is "buying " it. We will not be such a market forever. I also know that a builder can not build for some of these prices so when the property comes on line many people hop on these deals.
I think that the vacant land market is where it seems to be turning for deals. The housing good deals are almost too hard to get at and you will begin to see some more building activity on these vacant lots.