If they lose we may see systemic failure of our entire banking system and the fallout will take-out the entire global economy...

With the current global fiscal tightening stands and historical high valuations, our risk for correction is probably higher than ever.So should I wait until the market corrects?

And beyond that we have a global credit crisis that has just begun to rear its ugly head.Empowering BK judges to cram down several thousand sub prime mortgages will be inconsequential to all concerned.It is just another feeble effort put forth by bureaucrats attempting to control the uncontrollable.

CapEx always seems to keep up with inflation, even though prices and rents do not always.On the other hand, in a vibrant and growing community cash flow may start out lower, but is will go up over time as prices and rents exceed inflation, or at the very least stay steady as they keep up with inflation. 

But a few key things that are probably global are the following: > Take GREAT pictures, do not skimp on professional photography as they sell your home online> Make sure you always put yourself in the guests shoes and are empathetic to the fact that it's their special vacation time as if it was yours and therefore prepare, maintain and communicate with the guest with that in mind at all times.

A global market crash would require some major global crisis, which nobody can predict, but even then some local markets would thrive.People want to predict a crisis, but I would argue that you should always be prepared for a crisis.

Since we don't make the things we use, our standard of living is going to keep going down until we're below average in the global economy.

@Dondrea Geter - Welcome to the vibrant BP communityAfter becoming more knowledgeable and confident because of your absorbtion of the site's contents, take action to snag your first real estate investment deal.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

I have clients locally, nationally, and globally that I work with.

I COMPLETELY agree with your assessment of the national/global economy.