The Mortgage Meltdown WILL continue...4-5 years to recover in Real Estate Industry

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Scott Pelley reports on the mortgage crisis that's far from over, with a second wave of expected defaults on the way that could deepen the bottom of the U.S. recession.
Where's the bottom folks? More job losses on the horizon, changing guidelines from lenders, more scrutiny from the Feds, more possible bailouts next year, uncertainty in markets, etc, etc, yadda, yadda. The perfect storm is brewing, I think, for the US to go up for sale to the highest bidders. My opinion is we market our Real Estate in the Washington/Oregon area to China, Australia, New Zealand, Dubai Oil Mavens and France (oh and Japan, like they did when they bought in Hawaii) and invite them to buy up everything they can possibly buy, at .25 -.50 on the dollar. If you have cash and can wait it out, buying is cheap over the next 12-18 months. Interest rates in the low 5% range and thousands of homes for sale. Perfect! The US is for sale folks!