I have been talking about the real estate bubble for quite sometime. The economy is like a giant ship, and ships do not turn on a dime. Any shift in the economy comes gradually, and the key to successful investing is patience, and at times having the ability to sit still.

Unfortunately, most investors feel like they always need to be doing something. In case you missed it, here is a recent article on Yahoo about the glut of unsold homes on the market.

In our area (along the Gulf Coast), the condo market is at a virtual standstill, and in town, a realtor recently said that there are 5,000 homes for sale on the MLS.

The lesson to be learned is obviously, sell greed and buy despair.