It's both catastrophic insurance and a long-term asset preservation strategy.  

Deregulate by industry and end up with Enron and Lehman Brothers type catastrophic events.

She also has the same job that I do now (Catastrophic Insurance Adjuster) and she also makes approx. $125-150K/year.Life is different for everyone and some people will/d0 need to go to college in order to land their dream job or reach their own specific goal in life where one is required. 

If you buy right unless something catastrophic happens with the economy you can weather a recession and still not be upside down.

Nope, but one house that you have to limp along for the next 5 years, at your age, won't be catastrophic. 

I am expanding into other areas of real estate simply because the fact that as I get bigger, obtain more homes, the results IF everything is shut down by the city is, while still very unlikely, catastrophic.  

They call it "social housing" in the U.K.https://qz.com/1007903/the-catastrophic-consequenc...Affordability is relative.  

I don't know how old you are, but if you lost all your capital at the age of 70 due to a catastrophic market event, realistically would you be able to start all over again from nothing?

I worry about catastrophic events, not a new roof or broken windows. 

Sooner or later, with a small portfolio, you're going to get stuck and you can easily get into a catastrophic financial position if you are unwilling or unable to pick up tools in the name of a breezy idea about how incredibly valuable your time is and how vaunted and exceptional your "real estate skills" are next to other people's time and skills.5.