Aside from major economical events like the Great Depression, World War II and the Oil Crisis, this is a pattern that has been happening like clockwork for the last 2 centuries.

Ask Mike Butler how cash flow in Detroit worked for him through the housing crisis. 

We may also be able to get a lower rate by doing a 10/1 ARM.It's Los Angeles, where everything just seems to be going up and up, and there is a housing crisis here.

After she closed on her new home, invited me over...During the mortgage crisis she lost her 1st home, but picked herself up and used her VA loan to get a new home!!!...

Not sure I'll do more in IL just due to the state funding crisis/death-spiral our state gov't is in.  

AFFORDABLE HOUSING shortage is almost in a crisis situation in many areas.

Just like the banks were stress tested by the Fed to determine if they could solely survive another financial crisis, I believe we all should stress test our own leverage ( if we are leveraged).I personally have all fixed rate mortgages on my four residential properties so I can eliminate a variable ( interest rate change) when I stress test ( I know what it will be). 

And most importantly, that was at the peak of the foreclosure crisis.

Even though houses and apartments were appreciating prior to the 2008 crash, many renters had left the rental market for home or condo ownership in the run up to the financial crisis.

George Soros recently said that we may be facing a crisis like 2008. http://finance.yahoo.com/news/soros-2008-crisis-ov...Another red flag is that there are so many real estate gurus promoting their "systems" all over the place.