Couldn't tell you what the value for it was during the run up as the owner got it for 74k in 1999 and then the bank took the property and sold it for 61k in 2009 and then that owner sold it for 50k at the bottom of the market in 2012.We'd need another global economic collapse to erase 90% of the value of a property, and even that is an outlier.

Cannot just turn the switch off and not expect the economy to completely collapse.

If you've got inspectors signing off on work they haven't seen, that's not common sense, that's shooting craps the building doesn't collapse or burn down with someone inside. 

Easily accessible loans with high leverage and the subsequent mortgage and construction collapse bit me.

I do not want to buy something, only to have the area collapse over the next 5 years (or ten, or ever).  

I did that twice, but, got caught in the 2008 economic collapse and lost 60% of my property values.

They are all empty with investors buying them for speculation and they keep on building...In Miami they built 50,000 Condos and they were all empty during the collapse of the Market.

I know this is a good return but want to know if I should wait a few more month as I know the economy will collapse and I would be able to purchase it at a lower price.

Finding deals that can comfortably cash flow are difficult with little appreciation that can be expected in the near term (nearing the end of the cycle).It's a healthy market, but the dominoes will collapse in SF and run down south to LA and SD, just the nature of California.

I'm specifically referring to the end of the movie where the text was saying that major banks started selling these certain type of Mortgage Debts (forgot exactly the fancy term they had for them) again like they did in the mid 2000s when people were betting on the housing market to collapse..