What makes it easier is that I've inherited some money and could take advantage of the current crisis and own over 20 properties, and planning to make my first big buy in the near future (in the form of an apartment building).

This is simply a crisis of not standing up to the banks for what is right.

Our current crisis, as far as I am concerned, is from TOO MUCH government intervention, starting back in the mid 1990s.

Give us a crisis and we'll hold it by the nose and kick it in the ***.

The rest of the country is just recovering from the last crisis still!

Joshua Johnson So, just to be clear, this is the midlife crisis alternative of buying a boat or a Mustang with rusty quarter-panels?

The former developers had filed for bankruptcy as Las Vegas became was hammered by the financial crisis.

Well I just reviewed the case shiller index going back to World War II.....and the only 10% drop in prices nationally I see is during the the recent financial crisis/housing collapse.  

A result of the 2007/2008 crisis was that lenders were unable to sell their loans and move them off their balance sheets as quickly as they had been able to before and so they stopped bring more debt onto their balance sheets (meaning they stopped lending).. and it became harder to obtain refinancing. 

Cape Coral was one of the hardest hit markets during the 2008 crisis and I've read predictions that SW Florida has been tagged as housing markets expected to go ugly.