What happens if the nascent housing recovery drops off a cliff and values plummet?

That doesn't make them hard to understand (prof athlete contracts are generally 60 or more pages long) just that you need to break them down into their basics.

In the past 2 years it has seen a lot of recovery.

Not surprisingly, these states saw the largest run up in prices, with them more than doubling in the 2002-2006 period.Courtesy of Business WireHousing Market Shows Signs Of Recovery: Regional Banks“The mortgage business is booming—70 percent in refinancing and 30 percent in new home purchases,†Kelly King, CEO of BB&T, told CNBC. “On the low end of the houses, we’re beginning to see some movement…There’s a long way to go, but there’s definitely activity.â€Courtesy of CNBC

The banks are not financing the recovery...the MBS investors are financing the recovery.

If so most of the town could go under when the plant closes etc.If it was just overbuilt but the local economy is poised for growth and long term recovery then eventually demand will catch up to supply.3.Define WHAT KIND of saturation for multifamily is occurring??

MY off the cuff impressions:1.Miami, Florida --International $$ driving recovery in A locations2.

I don't put much validity in those in terms of a sign of recovery, given the context.

(compliance)If the remedies can be enforced is the collateral sufficient to support recovery?

Am willing to share my info on rentals, tho I niche rent the bulk of my houses in the recovery/sober house community working with my son.