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. 

Happily I got a pretty good property on which they did a good renovation job, and just before they went belly up I kind of smelled a rat and got the house out of their management, so their collapse didn’t affect me.  

Louis near Washington University) after the mortgage collapse left the property underwater and renting was our only option to allow us to ‘grow up’ and move to the suburbs to start thinking about a family.  

Things have changed so much since the housing collapse.

Hi Peter,It might be smart to find out why it's gapping.I am aware of a situation where there were several people out on a balcony during a party, it collapsed due to structural problems.A young lady was injured very badly.It might be smart to find out why it's gapping--and fix the problem vs just weather proofing it.Good Luck!

I did that and got creamed with the 2008 collapse in the economy.

There has to be 20 different types of tile used throughout the house and the roof in the addition is completely collapsed.