On the flip side, the auto industry does support a lot of other businesses (not to mention a state) and right now, is that collapse something our economy can handle?

Unfortunately, being as is, I found out that the well is collapsed so there is an expense I was not counting on....oh well.

Socialism - up.Environmental wackos - up.Total economic collapse - coming!

While Paulson has defended the cash injections as having averted a collapse of the financial system, Obama had to pledge changes before lawmakers approved the release of the second $350 billion. “Banks are becoming the whipping boy for the Treasury's failed policies,†said ~~~~~~~~~~~~~~~~~~~http://www.bloomberg.com/apps/news?

It very clearly says COLLAPSE!

It could take many years for us to bleed to death and this economy to collapse.

I have an umbrella policy to cover me personally (accidents, collapsing porch etc) with my RE investments, would my personal policy be able to cover me in a suite rising from RE in an IRA?

Be very careful with this though, if you have shorter term financing like I do prepare for a down turn, I have no idea how much values fluctuate in your market, and if your note need to be renewed in a down market, you better have enough equity, or a pile of cash to bring in, I have seen many investors collapse because they harvested too much equity, I limit my portfolio to 40% LTV, im running about 35% on 21 properties right now, so i feel pretty safe, I was through the last crash and saw some guys i thought had it figured out crash and burn, just a word of warning. 

So even though it would be good for the investor, it wouldn't be good for the trader so he lets the trade collapse.

As the mountains collapse and the seas rise, how are you pick your good locations?