Such proposals had been made by Governor Romney throughout the 1960s, but opposition did not collapse until after the riot.[29]1970s and 1980s[edit]The 1970 census showed that whites still made up a majority of Detroit's population.

If you're leveraged too far without cash reserves chasing one too many deals can cause the entire thing to collapse completely destroying the wealth you're trying to create long term.  

If I have a property that is practically about to collapse, what is the best strategy when it is time to begin rehabbing?

Ecuador, buyer purchased our lot in installment payments, oil crisis collapsed Ecuador economy, his construction biz went south then a massive earthquake recently leveled the town near our land.  

Its vacant and unloved (shrubs out of control, grass out of control, enclosed porch has collapsed roof, soffit was falling down in one place but has since been put back in place with the help of a 2x4 nailed to the outside of it, places on the roof with some type of tape on them, etc...) and I looked up the appraisal District info and found that the owner lives here in town.  

But with no real monetary commitment from the buyers, and with such low credit score requirements to qualify for FHA loans, what will happen when home prices collapse again in the future?

Otherwise, it might not be there if you want it.The real risk of being highly leveraged is that your empire can collapse.  

I got out and found out that the economy had collapsed, my house was underwater, my "employed" salary was barely enough to pay my mortgage, student loans, and taxes....leaving me less than $40K a year to live on, while working 80-100hrs a week in one of the most litigious specialties out there.  

well...because I did my homework prior to the AGM, I then added that "since this HOA-directed rental restriction was imposed the average selling price has collapsed nearly 25% in under a year.  

With all the freeze and thaw cycles from our harsh Midwest winters the clay pipe has broken apart and collapsed.