The recession has carried on since December 20007, making this the longest recession since World War II. One new area that is starting to hit laid off workers is that many are starting to exhaust their unemployment benefits. Now, Congress did recognize that this was a problem last year and has extended unemployment benefits twice. One economist has a rough estimate that around 700,000 people will exhaust their benefits in the second half of this year. Here is a link to look at this article: http://www.msnbc.msn.com/id/30045448.

This can have implications in one of two different ways. If you are in this situation and know that you may run out of your unemployment benefits, it may be essential to start thinking about ways in which you can cut your monthly expenses. This could mean moving in with friends or renting out any unused bedrooms in your house.

The second implication means that real estate investors may have an opportunity to help some people with exhausted unemployment benefits. You could do a lease option from the owner if he or she is not able to make his or her payment. This could offer debt relief for those who have less income or no income coming in. With other people struggling to get financed for mortgages, you could offer a lease option to those not able to qualify for a mortgage. This can allow you to help out two parties while making some money between what you pay the owner and charge the tenant-buyer.

Looking into this situation, there can be many implications and certain parts of the country could be more affected than others. Michigan may be an example of the country which could be more highly affected because the unemployment rate is higher there than anywhere else in the country. This could offer real estate investors more opportunities within that state than other states.