A few years ago we picked up a foreclosure with a collapsed rubble basement wall for $19k that no-one would touch.

I wasn’t in RE during the financial collapse but like the idea of a more challenging market.

My mother liked to buy investments that 'were a sure thing' that I knew were not and my brother got rich house flipping until he stepped into the development end and got stuck with a property he couldn't develop and then the housing bubble collapsed.

They didn't want to bother me, so they never said anything.Anyway, a couple of months ago 1 of the guys collapsed with a heart defect and supposedly during some examinations they said he had a little mold in his lungs.

Valuations away from the big 3 metropolitan areas are much better.At some point I do foresee a correction in these markets, however I don't anticipate a full collapse at the moment

Its been years, maybe a decade since I revisited the site but my mom mentioned she often gets calls from people looking to buy the residential property in Highlands county for years now just as well, and proposed we built something on it.I'm more into the mediterranean and/or art deco style homes, but with materials price and the current buildup to an inevitable proxy civil war/collapse in america, dont find it worth it to start building a mansion there although the surrounding properties sure do look quite fancy.We were thinking of going the 'customized' manufactured home route.

Credit worthy investors pursuing sound cash flowing properties are not the reason the market collapsed.  

If your statement is true, I would guess that the severity of that collapse shook the faith in homeownership, keeping rental demand high even as property values plummeted.

Rusted through steel beamsRusted through support beamsStreet view - we sealed it up with plywood to prevent any access and limit liability in the event of a collapse

We've also seen certain gentrifying areas in DC never drop in price during the collapse and instead continued to go up during that time.DC proper over the last 6 years has much higher price gains than any of the suburbs.