I watched my best friend go from sleeping on my couch to owning over a million dollars in real-estate during the collapse back in 07, 08.

I did side jobs for a while back when the building market collapsed and charged way more.

I had a chimney company check it out, the chimney was collapsed and needed to be replaced.

Buildings with shoddy foundations can collapse easily, same goes for business models.

What if it's an unknown deficiency of the house that causes his injury like roof collapsed? 

NOI dropped from $110,000 to about $95,000, the cap rate fell from nearly 7% to 5.8%, and cash-on-cash collapsed from 8.4% to 4.8%.

Many have also have been hit with huge assessments for the 40 year certification after the Surfside Condo collapse and disaster.

During the great recession (which, keep in mind, was driven by a real estate collapse) rent prices (as measured by investment grade rentals) dropped around 6.2% in western markets which were hit the hardest.

The Surfside condo  had a study done  before the collapse and repairs were recommended to the tune of $15 million dollars.

So they are predicting an even greater collapse than the housing collapse 15 years ago?