Originally posted by @Steven Picker:https://www.housingwire.com/articles/46567-sec-shu...really nothing goodYUP  this is bad news for all involved.. 

Alternatively, something cosmic could happen, and Phoenix could become the place to be in the next few years:https://www.express.co.uk/news/science/1010638/cold-weather-forecast-big-freeze-solar-minimum-maximum-space-news

@Molly Mayeux That’s great news!

All news in the media is dark and predictions say it will get WORSE.

I have some bad news for you ,  you are going to pay retail for any contracting work .

Honestly I get annoyed with that kind of thinking cause people gives me **** thinking the stuff I have are due to rich parents...Well the truth is: it is from only sleeping 3-4 hrs a day, every time I have a break from work I research economics, financial news, etc.

Here is a good example: https://www.dallasnews.com/news/denton/2017/11/12/... 

. $10k later they are off my back.Three months later…We closed on this duplex in New London a month ago to house hack a bit and live mortgage free.Took me awhile to find an insurance company because of the age/size and style of the property (it’s 5600 sqft, Victorian built in 1900).We ended up going with State Farm.Usual thing happened; guy comes out and takes a look, gives a few things we should “look at”.Tells me about a tree that needs trimming and a set of stairs on the deck needs repaired; no big deal.Two weeks after closing we get a call from SF that we have been “randomly” selected for a 3rd party inspection.Two week after that we get a call from the agent saying we now have 4 things we must complete to include CUTTING said tree down, replacing windows, fixing the stairs and now I have to paint the CEDAR shingles on the garage because only half of it is painted.As you would expect, I took this news very well and only raised my voice with the guy a little.He told me I had 60 days to fix or start the repair and that a letter would be issued on the 20th of August.Silly me, I though this letter would outline what I needed to complete.NOPE, it was a letter from SF saying that my coverage was declined and was accompanied with a refund check for my premium.Turns out that 60 days is from the date when the policy was issued, not the date of this letter.So we are now 30 days into the 60 days repair window and I’m just now getting the information… Oh and that 60 days also include a couple days to insure the agent has time to come out and re-inspect and send it to underwriting.So my 60 day window was actually only 20.Additionally, every time I call them to ask a question, I get yet another list of things I should fix.Stop giving me your opinion about what you think I should do and tell the required recommendations you need me to do so I don’t lose my insurance policy!

Just this week I had a client convert a flip into a rental after it sat on the Oakland market for over a month at a price that would have yielded fairly low profit, and this is someone with a track record of successful flips in years past.So I guess this is neutral-to-good news if you're doing buy-and-hold and finding a way not to compete with the owner occupants bidding based on emotional appeal inspired by a reality TV show, but bad news if you're trying to be the next HGTV rockstar flipper paying MLS prices. 

Good news is its a 30 year amortization with no pre payment penalty for flippers who sell quickly.