I was on my way to Anchorage for closing when the deal collapsed. 

Let's say the economy does a sudden collapse in 2 years or your market is saturated and you cannot make your payments and you sit there with 27 properties... 

Outside of monetary collapse there really isn't any other possibility - we've backed ourselves too far into a corner, and I see zero chance of "growing our way out".I believe we are overdue for a housing correction, and a recession.

you haven't gotten the dozen or so daily messages that collapse is imminent?

They put the camera down and say there is a partial collapse out in the street, just before the city lines.

There are now new laws in place, due to the collapse of the south Florida condo building, regarding the reserves the condo needs to have and getting maintenance completed.

Hope you didn't leverage up your RE and buy Bear Stearns when Cramer said they were sound a week before their collapse.

There are industries that would collapse without). 

I've had concrete two story stairs collapse; a full room plaster and lath ceiling fell due to slow roof leak, narrowly missing occupants; kitchen waste line main was blocked, several floors above were draining out of our kitchen sink...in a million dollar plus 2 bedroom condo...for a couple of days, as the people below were out of town also so there was nothing reported; I've had Tenants on a few occasions walk out the door leaving EVERYTHING behind; a well known Bail bondsman vacated a property that had apparently let multiple pit bulls live and crap throughout the multi-million dollar house; Military Tenant who was separated from wife, but she came to visit, they fought, SHE got a TRO against him, and of course she had no income and paid no rent for the several months it took to evict; Another Tenant, quite elderly, lived in a walk up and had two yappy little dogs.

The assessment probably has a lot to do with people wanting to sell, but I know a lot of the updating is foundational problems and after the condo collapse in south FL people are pretty leery of older condo buildings.