A couple of commentaries published recently have pretty much articulated my feelings on the current mortgage debacle, real estate market crash, housing bubble burst – whatever you want to call it.

Orlando Sentinel columnist Beth Kassab said this about the mortgage crisis and resulting foreclosure rate: “In the end, the problem is the result of consumers shrugging off responsibility for themselves. …if you signed the loan, you agreed to the terms.” Click to read the full text of “Housing mess: Many buyers didn’t beware.”

In “Don’t Cry Over Burst Bubble,” syndicated columnist Stephen Chapman writes: “The boom in prices has long been disconnected from the actual utility of a single-family dwelling, and it's satisfying to see reality assert itself for a change.” Later in the same piece, he notes, “Of course, speculators who sunk money into second homes and investment properties, figuring they could flip them in a year or two for a handsome profit, will also get the short end of the stick.”

At Wealth Intelligence Academy, we teach you to understand market appreciation—but not to depend on it for your profits. Sound real estate investing strategies depend on much more than the luck of a good market.

Jackie