Had a massive flood in the basement, a collapsed wall, 2 ft of mud.

Had a massive flood in the basement, a collapsed wall, 2 ft of mud.

Couple years later Front of Neighbor outdoor laundry house collapsed inside large hole filled with sewage.

I didnt have the cash to buy the place - so my parents who are real estate investors bought it.The place needed a ton of work (new plumbing, new electrical, collapsed main sewer line, foundation issues, tons of cosmetic work, etc).

@Monique ODell Keep all of the money parked in a safe mutual fund Wait for the next market collapse and then buy as many 10k or $15k C and B class properties as you can and then way for them to appreciate.

@Shahriar Khan @Vijaianand ThirunageswaramI know many people hoarding millions in cash waiting for the stocks to collapse rather than real estate - apparently there is more money to be made (also faster) in the former, but it’s not everyone’s cup of tea and stock evaluation is not as simple as real estate evaluation.The question is what comes first - if real estate downtrend will follow the stock market downtrend or vice versa.

Hollow columns will collapse sooner in a house fire.Foundation - older homes will have fieldstone. 

What happened in 2008 was different because of the mortgage crisis.This article better explains it: https://www.keepingcurrentmatters.com/2019/03/07/why-an-economic-slowdown-will-not-crush-real-estate-this-time/This quote sums it up:"During the last recession, prices fell dramatically because the housing collapse caused the recession.

Even more telling is if they weren't evicted during that time - IE they had a bad financial collapse but still made a way to get the rent paid.Equally, medical bills are a common culprit that doesn't really reflect a persons willingness to pay their debts. 

Old clay drains are often collapsed.