If the saying "you make money when you buy" is true (and it is) then lets start getting optimistic for collapse as to buy cheaply.

If the economy collapses people are still going to need a place to live. 

Personally, I am praying for a collapse in the California SFR real estate market so that I can buy a second home in coastal San Diego County, Monterey, CA or maybe Paso Robles, CA.  

There is also another side to the coin, you could see this in the housing collapse, once the market flushed out the owner who could not float a property in bad times, you seen the market hit a bottom as people just refused to sell or rent it for anything less, they would close the door and just keep it empty vs taking less.

If he hits something collapsed or too hard to clean out than you don't buy it.

the link: https://www.biggerpockets.com/renewsblog/rents-collapse-across-US/?

Reason being, the roof started leaking and collapsed in the beginning of 2016.

The roof is about to collapse which needs to replace immediately.

Anyone who was around during the last collapse can tell you that this is a dangerous game to play.

But on BP, there were topics back 9 or so years ago about LOC and HELOC freezes and, in general, the collapse of access to capital.