Problems = Opportunity

“The greatest problems present the greatest opportunities.” – Tina Seelig, Stanford University

A new foreclosure starts every 13 seconds . . . that equals out to 6,500 per day, according to the Center for Responsible Lending.

I was listening to a podcast on my IPod today when Tina Seelig from Stanford University, who teaches entrepreneurship, made the first statement. It reminded me of how BIG the housing problem really is (13 seconds). If that is true, then we must believe there is equally as BIG of an opportunity for people to take advantage of the problem. I believe it is unfortunate that people have been foreclosed on over the past three years, when they never should have been given a loan in the first place. However, out of the folly of the banks, we ought to take advantage of the abundant opportunity they created.