In 67 years annual average appreciation of 6%, and only a 15% cumulative drop during the worst financial crisis of our time.  

This is primary reason why I no longer invest in cash flow market because it's sufficient , at least for me.Now with my current bay are holding I can guarantee my family for next four generation would not face any sort of housing crisis in bay area and they could get pretty good decent salary.

As others stated, there's just no financial margin in most people's lives and less than 3x guarantees they'll have financial crisis.

But I agree waiting for next crisis is the key.

It certainly is a crazy market right now, but since the housing crisis there has been a lot more regulation on the lending side as mentioned above.

This is a question to those who had tried to refinance a mid-size property during the financial crisis as well as to the bankers and lenders out there who were still lending during those crazy times.Hope to hear your thoughts.DK

His theory of zero debt is because he over leveraged himself which led him to reach a financial crisis.

The new housing crisis is lack of inventory.

Military markets held up much better during the 2008 housing crisis.

Yikes just got off the phone with the PM and unfortunately the portables couldnt make it out on time due to the global supply chain crisis.