I think it has fallen out of use as a globalized market has allowed companies to offer cheaper low DP loans.

Think Las Vegas versus New York City during the 2008 global financial crisis.Focus on Cash Flowing PropertiesAt the end of the day regardless of how bad the economy is people need a place to live.

We certainly are "due" for a recession and there have been some global economic occurrences that have hinted that things are slowing down. 

@Staci KouI think you have a good point I am seeing prices dropping daily factor in the over supply in the area, recession signs everywhere in the global economy and oil shocks maybe the smart move is to wait to see how low pricing go to avoid « catching a falling knife ».

Once I get there, I will speculate on the rest of the meaning of my life and how I can feel fulfilled going forward, a whole person, a better person, a finer human being...all of that doesn't amount to much right now until I am absolutely positive that the economic health of my family cannot be successfully attacked by anything short of a global cataclysm.

I invest in global businesses (including real estate) with my brokerage account.

Like the density, gentrification, global travel recognition, varied neighborhood uniqueness, walkability, diversity, etc. that only a walkable, dense and European like city can offer.

@Kurt Granroth A few of my investors with fairly complex tax scenarios work with: Doug StutzmanCertified Public AccountantChartered Global Management AccountantMauldin CPA'sDoug is located in Mesa and might be worth a phone call.

CA voters overwhelmingly REJECTED CA's plans for statewide RENT CONTROL at the last ballot election, and NOW the Governor (Newsome) is simply using an excuse to enact Statewide, or nearly Statewide RENT CONTROL under the guise of global warming / climate / heat / drought, liberal excuses to overly regulate an otherwise well regulated industry, Rental Housing.

Token markets are also 24 hours and global.