I will attempt to answer it from going through the 2008 crash in the Las Vegas market.Buy the Right Properties to Start OffDuring every market crash, some locations are hurt far worse than others.

During the market crash, I new my neighborhood was full of opportunities, but as a single mother, I opted for security and never upgraded myself, nor started investing.  

I do not want to be stuck with two mortgages and I am a little scared of being stuck in this situation especially on the brink of a market crash.

The caveat is that it was written in the days before the big crash of 2009-2010 and it only talks about the upside of leverage, ignoring the downside. 

Many investors got burned in the crash because of high leverage, low cash flow or none and counting on appreciation.  

Look at what happened in SF during the last crash, even ParkMerced went into default.Underwriting today is absurdly lax and I don't get how anyone looking closely at CMBS issuance can say that CMBS lenders have learned their lesson. 

As far as I can tell, homes in the community sell around 500k (the ones that sold after the crash, no real recent comps) the HOA owns a bunch of the remaining lots and has them priced at 75k, a few owners have their’s priced higher.

Fast forward two years when the whole economy came crashing down, and I was at a cross roads.

Fast forward two years when the whole economy came crashing down, and I was at a cross roads.

Most admitted they were afraid to even look at their IRA/401(k) etc statements as the markets were crashing.