They were UNLUCKY - lucky would have been bailed out by inflation or boom market in real estate prices. 

Buyers, this is your moment—especially in the condo and townhome sector, where inventory is booming.

Basically, any good that doesn't get additional value from the fact that it is old like a collector's watch or some wines for example.

We're never going to fix this supply problem for housing unless we can juice the number of builds getting done to where its back to normal (i.e. pre boom times from 2005 to 2008).The federal government should do the exact same thing to stretch the money.  25k down payment assistance for first time home buyers who buy new construction homes as a no interest loan payable only upon sale or transfer (i.e. if the person dies and someone inherits, that 25k could be called due). 

Hoping the banks continue to work with it and figure out the chokehold of scalability but if they do, ETH will boom overnight and everyone is happy. 

The only difference is that there might be an explainable rationale for holding on to a property, such as a well-founded belief that equity gains are coming (such as owning a house in a rapidly growing area or property where the next commercial boom is headed), whereas with gambling your odds never change regardless of your losses.

If that's the case the city or county tax collector may need to be called.

If you go to BP on Youtube on your computer and type in "Midterm Rentals" you will find many videos on MTR including Furnished Finder CEO: Mid-Term Rental Housing is BOOMING!

California tax collector and assessor sites in CA do not allow you to search properties by owner name.

The core market (hole of the donut) is booming and lots of young people moving to the city center and new apartments, condos, restaurants, amenities etc.Alot of the sun-belt is experiencing alot of net-migration...versus at least some cities in the Northeast not so much.