I don’t see many people who would want this because it’s in dire need of repair.

If they are angry or in dire straits, they can damage the home further, sometimes by selling everything from bathroom fixtures to ceiling fixtures to kitchen cabinets and appliances.

We all make money to build our business and feed our family.Honest, Strait forward type of guy.

If things were as dire as you claim, I would either already know about it or would soon hear about it.

With 457 you almost have to be in dire straights to get your money out.

Maybe the situation isn't quite so dire.  

So, there is some advantage to having a house you own even when you're in dire straits.

It is a rare situation that would cause me to invest out of my local tri state area (I know the local market well) but on those occasions when I do, I go strait to the nearest GRE with a good reputation.

If you purchased the property wrong or are leveraged too much you could find yourself in a dire situation, but if you can support carry costs you still have an asset with some value whereas once a stock reaches $0 or a company goes BK then you're done for.

Much of the rest of California is still in dire straits, as are many other states.