In 2004 and 2005 I suggested to people to sell their homes immediately and to rent. I told them the prices of homes were not true, they were not real. I implored them and even wrote a few articles about the coming land bust.
It was a bit worse than I thought it would be. No other TV, online writer, or business entity was even in the ballpark back then. My articles were correct and the bust started in 2006, shortly after the last article. At the time I wrote those pieces, people were standing in line for days to buy a condo.
So, enough of 'I told you so'. Now I want to help those in need. What do you do now that you are screwed? The bankruptcy laws have changed for the worse (thank you congress) and you are in deep financial trouble. I am here to help you see what to do. Based on the fact that I was the only one to foresee what is now happening, I will give you my advice for the next year.
***EDIT***
Minnieapolis has written an informative article about some strategies for surviving a depression. How to Survive Another Great Depression; Lessons from the Past.
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