I bought the condo i'm living in now for $34k cash and it's current market value is $175k.
It will take at least 2 years before you can really steal property at 50% or less than market but there will be lots of property that you will be able to turn a quick $25% on (owning them for 4-5 months at most) within 6 months of a crash.
At least it isn't like the stock market, when I go into a property I know exactly what it will cost, time and money, to have it ready to market and what it will sell for.
When it happens, cash will be king.
When it happens, cash will be king.
In my opinion, cash and property, (in the right location) has always been king. We got out of the stock market before it started doing the chicken. I was never much of a gambler. And your right, investing in land, housing, property, is a whole lot safer. Here in Cal, if prices eventually do level out, or adjust downward, it's still a great investment. Just wait a couple of years, and they will be right up, worth more than ever.