Real estate is a buyers market these days. But selling is a nightmare. If you can afford to hold onto your existing property, Andrew Snyder says it’s better to rent it out until the market recovers. It may require some belt-tightening in the short term, but the concrete gains from waiting will be worth it.

The housing crisis continues to drag on and drag down the US economy. This piece from Reuters says it all:

A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it “a mistake” to have invested in the real estate market.

Shawn Forgaard, a 37-year-old software company project manager, bought one home for his family to live in and nine more as investments.

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