The property is a cute, historic home that is very outdated and needs some love (The front rocking chair porch is collapsing and the house hasn't been updated in a good 50 years!).

Instead, he can put his money in an index fund, such as the SPX (S&P 500), especially now that it is down due to the Greek crisis and (less so due to) China's stock market collapse.  

Anything that is a safety issue, in danger of collapse or required by your lender or insurance company.

However, his business collapsed in 2007 and 2008 when he got zero shortsale accepted.

You don't get the sense that the market is in some wild speculative bubble that's imminently headed for collapse. 

If there would be some sort of large collapse, not much any of us could do, secondly I'd be curious how the crazy eye'd guy in the video plans to profit from the subcribers he gets to sign up for his email list.

No money out of pocket is great and all, but for those of us that were around 25 years ago, we all have stories of friends, families, and colleagues that got clocked b/c they were over-leveraged and ended up losing everything.I recommend having your own formula to make sure you are protected from a market collapse, something like 3-6 months reserves for ALL properties.

It isn't a "the floor is going to collapse" situation.  

Since we now have Provincial sub-forums on BP, I am going to suggest we collapse them as follows:- Atlantic Canada - Québec- Ontario- Prairies & the North- British Columbia My argument for the collapse is there are not enough active BP members in the Maritime/Atlantic Provinces, Prairies and, certainly not, the Territories to warrant individual provincial/territorial forums.

Since we now have Provincial sub-forums on BP, I am going to suggest we collapse them as follows:- Atlantic Canada- Québec- Ontario- Prairies & the North- British Columbia My argument for the collapse is there are not enough active BP members in the Maritime/Atlantic Provinces, Prairies and, certainly not, the Territories to warrant individual provincial/territorial forums.