okay so sorry to everyone that i haven't been on here to update a discussion i had going, been working like crazy lately.at any rate,i'm ready to buy in Scranton PA. as i was doing my research over and over as i usually do for constant reassurance. i came across some very negative things about the scranton area and am now concerned. i've seen that they are bankrupt, 200+ million in debt. ive read things saying its a dying city. i've even read something comparing the area to detroit.all of these things make me very nervous to buy in the area.so id like to hear from anyone who, either lives or invests their. is it declining ?

Make sure that a furnace going out or some other random but common emergency can't bankrupt you.2.

Dude the Fed Can NOT raise anymore otherwise all these lenders are going to bankrupt before us , the residential owner of 30 year mortgage LOL They're already tired with SVB and First Republic and the crash of Commercial sectors. 

If we changed that so that schools and lenders lost money when ex-students go bankrupt then schools would end up offering less overpriced/worthless degrees to 17 and 18 year olds who often don't know enough to make a good decision.

I had to close my business and went bankrupt 10 years ago.

Insurance was a pleasant surprise - Mid last year ins. provider exited the business (Bankrupt or ??) 

If you keep investing like that you’ll go bankrupt.

Look over 30-40 years and make sure to factor in a couple periods of going bankrupt as well as other less substantial periods of loss into the financial equation and all the while cash-flow chugging along and equity happening at a more gradual rate.

Use a lease, so the parent doesn't wake up one day with you deceased, divorced, or bankrupt and get a knock on their door from an investor who just bought the house and isn't inclined to allow them to stay there paying low or no rent.

Seems like those who have absolutely no prior real estate knowledge and are  paid actors who are relatively unknown or who have gone bankrupt in real estate are the people most successful at selling their expertise to the inexperienced, the I know;edgable and the naive, in other words the target market for mentorships.