Would love to hear any thoughts.purchase price: $40Kmonthly rental income: $250/monthclosing costs (2%): $800insurance: $20/yearproperty tax (0.2%): $80/year Hi Eric, I was thinking along the same lines as you.. the Turkish lira is just collapsing so this may be the right time to buy a property in Turkey!

When it first touched on $20k the "hope-ium" pipe was passing around as well, then BTC collapsed more than 50%, cratering.

(A blockage caused by a tree or collapsed pipe means there is probably no basis for a lawsuit)  If someon can be held responsible, will they pay for damages?  

In 2020 I did buys people said were trash at the time, wait for the collapse they said LOL, and now today they say "oh wow, that's a cash-cow, I would have done that deal" NO, no they wouldn't because there constantly wearing blinders and not thinking INVESTING, there looking for an E-Z Paycheck to buy. 

Thanks guys, just every thing I initially researched favored rust belt... perhaps they were articles published after the housing collapse and the prices and prospects were more optimistic...Curious where people see better opportunities generally speaking

If the cast iron pipes are leaking just wait until the sewer line collapses red flags all over the place!!!

There is much more to this story I am sure...It does occur to me that since the condo collapse there, your inspection and reserve rules have changed, so I could see this as a result of serious revelations from required inspections, but, even at that, the financial planning should have already been reasonably close to expected needs.

It is probably a little over paranoid but if the market were to collapse again I wouldn't want the bank that has the loans to be able freeze my operating accounts if they were to "call the loan" for some reason.

@Adam Regos if you can wait I would suggest it I think mid next year things are going to change big time it will turn into a buyers market I think we are headed for a recession even a possible dollar collapse hyperinflation I truly hope not but I have a big feeling things are going to change big time if I had that kinda savings I’ve invest it into hard assets just in case but best wishes to you

., etc...but this is the easiest way for a judge/jury to collapse any appearance of you having a separate business entity and seeing straight through it and making all your assets open to liability.