The US can also collapse and your T bills would be worth nothing...but the point is the level and probability of risk.

I've seen some excellent DIY work in my day and I also see horrendous work from so called professionals, way too often.Recently nine people were injured when a deck collapsed - apparently due to it not being properly supported (be that as a result of the design or implementation I do not know).  

The second floor drywall ceiling collapsed onto the floor and on top of the wall to wall carpet, which was soaked for years and growing mushrooms.The house was a bank foreclosure and was vacant for 7 years, who knows how long the roof was leaking, but I could not see the roof from the ground as it was a low pitch roof and in the back of the house with an exposed basement the roof was 3 stories off the ground.

One thing I vividly remember about that March is being out to dinner with my friend who worked as an IBanker at one of the large investment firms the weekend before the Bear Stearns collapsed.

The economy of China is collapsing internally and the US right now, is doing rather well.  

I started lending right before the financial collapse.

Had a rough patch during the middle of the market collapse.

The market was perfect for us then, in that we had plenty of cash from corporate jobs, the housing market had started to collapse, prices and interest rates were incredibly low, and we got great deals.Different times present different circumstances and you can make it work for you.

We somehow should have seen the forecoming collapse and called for an all-stop.

Now let me start with, I'm not " The sky is falling kind of person" but what do you make of all the information out there that were near another historic collapse in RE prices.