Foreclosure Profit Idea To Pay Off Your Debts?

“They” are saying 2008 will make 2007 look like the good ol’ days when it comes to foreclosures. Of course, now we hear about some kind of deal to freeze mortgage rates. Meaning, I’m sure, that the banks will be able to put off the day day of reckoning in a way that will maximize their profits. (See How banks make more money on foreclosures than on good borrowers.)

So, really, we can expect the pain to just keep going. And I just love how people worship the free market. Yet, most don’t realize we don’t have a free market. If we did the banks would be allowed to suffer for their bad decisions. Instead we get a bankruptcy law to protect them from having such lenient practices dogs and two year olds can qualify. And we get the sub-prime bailout.

This whole thing wouldn’t be such a thorn to me we were honest about all this. We are a socialist country if you’re a large corporation. Bailouts, lenient laws of all kinds, etc … Small business owners understand that risk is called risk for a reason. If things don’t work out you lose, sometimes big time.

All right. I’m done. Time to move one.

With people having to downsize there will be lots of opportunity in your own town (affiliate link.) Where in the world will they put all that stuff they’ve been buying and storing in their basements? Moving from a McMansion to a 1 bedroom apartment is going to create some serious cramping of space.

Come moving day they are going to discover they need to unload a whole bunch of “junk.” Here’s the opportunity. They have a problem they need solved NOW. They aren’t going to wait to run a garage sale. You can be ready to help them (affiliate link.)

Personally, I believe the keys to economic prosperity in the years to come are going to be radically different from today’s thinking. As insecure as jobs are now, we haven’t seen anything, yet. Can you see value in someone else’s “junk”? If you can you could build up an impressive inventory for bartering with down the road.

Learning to see value and link supply and demand is going to be crucial. Offer value. The economy will grow more regional as energy prices continue their relentless climb. Can you bridge supply and demand with neighboring regions? Or even between neighborhoods in your own town?

This report (affiliate link) has a great method for turning “junk” into cash. I mean for 10 bucks what more do you want? Of course, you actually have to DO the work. And it is work. But it is doable.

And that is what a free market is really all about.

Edit: Some of the links in this post lead to products I get paid a commission for if you buy them.