When I first started looking, people were saying that cities like Shanghai were already in a bubble and there would be an impending real estate apocalypse, the economy should collapse any day, all the puppies and kittens would leap into the rivers and drown themselves, and general doom and gloom.

It likely would have appraised for higher, but the roof was leaking and needs immediate replacement, the ceiling in the living room has collapsed. its a mess.  

(walls collapsing, unsafe, vacant property, etc)http://www.phila.gov/revenue/realestatetax/ -Philadelphia Revenue Department, Look up real estate tax here, Office Of Property Assessment (OPA) determines the value of the property on which taxes must be paid.http://assuranceabstract.com/ Full service title agency serving Philadelphia, specialize in REO distressed property closings in Philadelphia Philadelphia Courts Civil Docket Accesshttp://courts.phila.gov/ - Philadelphia Courts Websitehttp://www.phila.gov/records/DocumentRecording/tipstitleinsurance.pdfHope this helps

They bounced around from 5.5% to 6.5% for a couple years before rising well above 6% in 2005...then it took the housing collapse and operation spin from the fed to push them back below 6% at then end of 2008 where they continued their downward trend to the low 3's.Even where they are today is historically low.

Even some of my vacation rental/Airbnb properties did fine during the quarantine because we ended up hosting first responders and traveling nurses--I know many whose Airbnb businesses completely collapsed.

Home warranties often don’t cover the main line collapsing and that’s a bigger repair.

But light gauge steel framed homes will withstand fire up to a temperature point, then they simply melt and collapse.  

Bigger Pockets Blog - Office buildingsRead this attached article from BP last week. I’m curious if/ how anyone is planning to turn their portfolio of office buildings into an opportunity?or better yet, who’s planning ...

Perhaps, since Michigan did not have a housing bubble but did catch the downdraft of the economic collapse and the decline in manufacturing employment.

This even includes that a major economic collapse would happen.