Crisis averted and I'm on my way to owning my 1st property.  

Btw this week big announcement comes from second biggest California Pension Fund that has liquidity crisis, they need to borrow 30 billion if not selling asset for cheap. 

I just got married to my wife, who is a diplomat and not a citizen of the US.

Long story short, they went bankrupt during the "housing crisis".

I was a financial advisor who earned in excess of $500k/annually and post financial crisis my firm recently went out of business and my book of business plummeted and my income dropped to under $100k.

They are a big capitalized investor that saw an opportunity in our market during the worst of the real estate market crisis.

Numbers don’t work for most single family houses.After the 2008 financial crisis, the market got totally distorted.  

ALL.What I try to tell people on this forum is that if you buy properties in certain Cities/Localities, you can literally protect yourself from a downturn as the recovery from the previous peak is shortened compared to other cities.This is a chart that includes the WORST financial crisis since Great Depression.WE are not going to have that this time, I believe.Buying in NYC protects me against holding a property that will NEVER reach the previous peak and will most likely exceed the previous peak in a VERY short time.I'm actually like you, I'm risk adverse.

From Inman News about  Biden policy:The Biden campaign’s housing proposal pinpointed the dearth of housing supply as the driving force behind the affordability crisis.

Couple that with the mortgage crisis, and 2008 was pretty bad.Most economists don't think that 2008 was the downturn of the long-term debt cycle...which is scary...because that means that this one is still coming, likely in the next decade or two, if not sooner.