What to do with $50,000 now

Given the uncertain economic picture, you probably have a chunk of change squirreled away. Here's how to best use that cash.

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Buy a second home
In Miami. In cash. Yep -- some two-bedroom condos that cost $175,000 in 2005 are going for $50,000 now.

Heck, some are even going for less than the cost of a Corolla.

By Carolyn Bigda, Amanda Gengler, Ismat Sarah Mangla, Peter Valdes-Dapena and Penelope Wang

NEXT: Put a bedroom in the attic
Last updated October 18 2010: 12:00 PM ET
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