With FIRREA & REFCORP, the division I ran at the time was charged with securing and trying to liquidate several hundred BILLIONS in mortgage collateral during those times, and believe you me, I've seen everything - but nothing a tax return in the loan file would've prevented!

They're literally pouring in Billions a year into this area, which is creating tons of high paying jobs, which is leading to a large rental demand.  

Did the Winter Olympics in Sochi really cost $50 billion?

They have come from parts where the cost of doing business prices them out and makes them search for more affordable areas.The $2 billion Crenshaw/LAX Transit Project has broken ground and is going to be implemented to serve Inglewood and surrounding areas.

Oil and other large multi-billion dollar projects that were supposed to be taking off throughout BC and AB have slowed, been postponed or cancelled all together.  

The brightest minds in the RE world with 1000's of units in single entity LLC's and series LLC layering, staff attorneys and financial backing in the billions opt to buy insurance... but maybe you know more than they do.

HUD has assembled a seasoned team of professionals with over $6 billion in whole loan and joint venture sales experience.

There's roughly about 7.4 billion people in the world.

However, This is not a good representation. sure if I had 10 billion dollars and bought all the apartments in san fran and tripled the rent from my monopoly, I could make 30 billion.  

That's why nobody likes all you snooty Californians @Chris Mason :-PBut seriously, the state of California has over $400 Billion dollars in debt obligations currently, and is projecting a potential $2 Billion dollar budget deficit for this year.