Our experience has been unpleasant so far. 

Distressed notes have been on the decline for a few years, as we have dug ourselves out of the real estate crash.  

While I don't think there's going to be a crash, I do think we'll see a reversion to mean in which a lot of the aggressive investors on the bleeding edge of the risk frontier get smashed.  

New world holiday, annual market crash day, lol. 

That was one of reasons why things started crashing in Austin.

I started off in Washington DC about 20 years ago, but got out of it when the market crashed in '08.

If we look back to 2004, 20 years ago, we had just survived the dotcom crash and we're starting into the early years of the Housing bubble.in 20 years, gen x will be well into retirement hitting their own Silver Psunami, if you will. 

Everything would sell eventually, but I usually had to list it at 50%-60% of 'market value' (what it had been worth before the crash), which meant it was very important to buy it at a huge discount in the first place.Even when listing most vacant lots at a discount, the average time on the market was 6 - 9 months.

So, they should have cut yesterday by 100, and they should have cut in July, but they don't want to crash the Markets (their true masters-as they are appointed by politicians beholden to asset owning donors).

Ever since BP started someone always posts crash this, crash that, crash this year.