If this was the case then London, Paris, and NYC which have all weathered various short term disasters in their histories like a blitz, occupation, fires, plagues, riots, and great depressions wouldn't be the great places to live and be so resilient.

Riots) I ended up buying the same sized 2/1 bath type home here in Denver for $73,910 in 1996. 

It is actually in the war zone near where the riots occurred.

Yes, this is pre-60s Newark before the riots. 

My Grandparents lived right off of North Ave pretty close to Brookfield and my relatives live out in Pewaukee and Nobobin  (sic)   go back for state fair.. every few years  lots of fond memories.. my Grandfather was a bus driver so I would ride with him on his routes.. that was the 60s some pretty wild times in between the riots etc.   

We're talking folks from Korea, who sometimes started out in grocery stores and retail, had stores burned in the '92 riots, went through lots of hardship.

. = excerpts shortened/parts removed for brevity of meaning as I understand it) (It goes on in more detail about how the 10 % is calculated, etc)"(j) For the purposes of this section, the following terms have the following meanings:(1) “State of emergency” means a natural or manmade emergency resulting from an earthquake, flood, fire, riot, storm, drought, plant or animal infestation or disease, pandemic or epidemic disease outbreak, or other natural or manmade disaster for which a state of emergency has been declared by the President of the United States or the Governor....(10) “Housing” means any rental housing with an initial lease term of no longer than one year, including, but not limited to, a space rented in a mobilehome park or campground."

As for the end i was saying you could buy property for example in detroit for next to nothin and cash flow on section 8 but maybe the area would have a economic downturn. i had a freind that bought a handful of properties after the 08 recession in Baltimore and was sitting on them for years and renting them to keep money coming in with plan on flipping them when the market did return. problem was the lead up to the baltimore riots.

Neighborhoods have been abandoned, trashed, and burned down since the riots.

(not an either or, it will be some amalgam of the above) When the proverbial poop hits the fan there will be turmoil and riots just as we've seen in the Eurozone.