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?

Sewer line collapse, $6k.

That's a pretty bold prediction, and at least where I am I don't see any evidence whatsoever of that kind of economic collapse. 

The doom-preaching of a R.E. market collapse simple makes 0 sense.

I had one client talking about his "bad property" that he bought 1 week before the '08' collapse.

I believe it was a year or two ago that an entire condominium collapsed because the management failed to do their duties for maintenance and management for too many years.

The housing market is crashing, and the economy is collapsing, the world is gonna end!