Although today, the most common statements are "I just sold my home and made this giant 6 figure pile of cash, I need to rent by closing, and I am going to wait for "the collapse" and buy again". 

@Mandi Baxter in NJ  a  few years ago we paid 30k for a repair of a single basement block wall collapse in a house that was flooded.

It may be a bad deal, but it's not going to collapse tomorrow.

The bricks within the house may be removed (sort of expensive) if they are at risk of collapse.) 

Will the high end market collapse at some point due to too much supply?

I’m with you... everyone keeps wondering when we are going to hit the top of this market, but we keep climbing at a much healthier pace than before the housing collapse.  

When you turn the water back on the pipes will just collapse and fill up with rust. 

I see that market collapsing outside of industrial uses at some point in the future.As the population increases, does that not put the squeeze on land?   

Once we have 90% ownership, we now collapse the HOA and run it as a true multifamily complex.

By the way, my wife and I bought our primary home in September 2008 the day Lehman Brothers collapsed.