Don't like having a payment, but it's significantly more comfortable to travel in than the compact sedan! 

That being the case, it gives me little solace to know that there are a larger proportion of the population there that rents.

Long term success isn't proportional to what you may learn from majoring in business management. 

No more commissions based on sales price, which not only results in agents being paid out of all proportion to the service being provided, but also creates serious conflict of interest issues."

We're definitely looking at a global meltdown of astronomical proportions and there's no going back at this point.

Roughly what proportion of these homes are owner occupied? 

I'm sure your skepticism is well founded, my understanding from the current market is that this deal was certainly blown out of proportion.

In the lead-up to the GFC in 2005, the proportion of these mortgages peaked at 14%.

Department of Planning and Development should be able to guide you and they have reference materials available.Also, you can consult with an Enginerring company (land development) as they are quite familiar with zoning, impact fees, drainage, utilities, etc.Then there is soil testing, trench compaction & densities which can be handled by a geo tech firm.

It does seem like a lot of red flags and I wanted to make sure I’m not blowing anything out of proportion.