If their exports to the US collapse, then their economy follows ours into the tank.

And when a collapses due to foundation, water, or other support problems the chimney is the one thing left standing.I have one house that the chimney appears to be separating from the house, but in fact someone had been the crawl space and undermined (or just removed) the jacks used to stabilize the house.

I read that article and the funny thing about them is that it seems one person thinks we are on the road to recovery and the next thinks our economy is going to fully collapse.

To put it in business terms, it will take time for individual Americans to rebuild their balance sheet and income statement following the collapse of their most valuable assets and the contraint on their cash flow from increased debt service and decreased revenue in many cases.

Are you kidding me? I can't imagine some of these people getting close to their asking price!

http://www.vancouversun.com/Celebrity+appearance+fees+much+they+charge/4403714/story.html?utm_source=feedburner&utm_m...

The market will come back because now the big dogs are buying and holding and now they are more powerful cause they have more money and house prices are cheaper.Editing post- I'm editing my post to say I read where this guy said when he walked into his building one day his doorman was giving him stock tips- I think this was in the 1930's or so not sure-if anyone knows who it is please enlighten me, and he said okay its time to sell my stocks, When the average person starts giving you tips you know its time to get out of it- Shortly after the stock market collapsed.

In a "economic collapse" if we degenerate to a barter society, the counterparties with whom you trade must accept what you trade with them and both side must agree that the trade is fair.

We also looked at another complex, 15 units, and the same scenario - shady tenant base, owner that paid a ridiculous amount and is looking to now cash out before there's another collapse....it's almost comical, and the sellers are spinning tales of 8% and higher cap rates - yet none can begin to calculate how they got that number.

You could buy the property and have a sewer line collapse and need 5k before the place is inhabitable.

Unfortunately when I got there the whole living room ceiling had collapsed; it's a miracle no one was hurt.