smgraves85,I only buy properties that have a minimum 30% equity at closing (50% now that the market has crashed) and a minimum cash flow of $100 per unit per month (using real world expense numbers).

:D You never know, they might have friends or family they can crash with, even thought they have not said this - and they would be out of your hair.

Maybe like going to cockroach races only to see a cockroach crash, I kind of miss those posts,yet, at the same time knowing it is a very good thing all around that they are less frequent.Dwayne

If the author is right, we've not seen anything yet.http://seekingalpha.com/article/90892-the-great-consumer-crash-of-2009

No fear mongering here, just plain old fashioned scary stuff.http://online.wsj.com/article/SB122134089502132567.htmlAnyone saying "let the banks crash" should think twice.

Just like if Yetis exist or if aliens crashed at Roswell.

Once the bond market displaces, interest rates are going through the roof, equity markets will crash, and LIBOR will be back to 500bps.

However, I don't think anyone could have stopped this crash from occurring.

That was driven, IMHO, by 1) the huge outflow of money from the stock market after the dot com crash, and 2) the very loose lending environment.

Funny part is Abu Dhabi bought into the beginning of the Financial stocks crash.