JB and ZJMY Holding Co (JBZY)

[Cheesesteak_Lover]

I have to chime in here. I live in Bristol Township PA, an inner ring suburb of Philadelphia, and home to the second 'Levittown' development. Many 'well off' people laugh at this area and call it a 'suburban ghetto', and maybe they're right. The median house price around here is only about $175K. But I have to tell you, I have seen many 'for sale' signs around that show Berkshire Hathaway as the seller. I'm not sure how that came to be and have found it to be a 'head scratcher'... Maybe they bought a bunch of bundled mortgages and are now to looking to unload, I don't know. I'm just saying that I've seen the signs. Even in a 'depressed' market like this, there is always money to be made. I have a lot of contractor friends who used to make a living by building new houses, but now they buy up houses that are 50 or 60 years old, put in maybe 10k or 20k to rehab them, and make 30k to 40k when they resell. They'll do this with six or seven houses a year, and although it might not make them 'rich', they are making a decent living at it.

So I guess my point is that even if you own a humble little house in a laughed-at neighborhood, you can still make money!