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!

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.