I hear a lot of the doom and gloom about subprime lenders and rising bankruptcies and the housing bubble, but for me as a beginning real estate investor it causes me to be optimistic. My thoughts are that as property values drop and more and more people lose ownership of their homes this will create an opprotunity for me to buy property at a reduced price. In addition people have to live somewhere so while many of these people are losing their homes to bankruptcy they are moving into rentals. So what am I missing lower prices on RE and an increase in the amount of renters needing housing. How is there not opportunity here?