But I just don't think we're going to have a major real estate crash like the last crisis. 

You have neighborhood associations, affordable housing groups, public officials, developers and land owners grappling over who has the right solution for the housing crisis and growing homeless population. 

A very high cost of doing business in California, over regulation, excessive environmental regulations, ridiculous fees for every imagainable thing, the economy of the country, the housing crisis, etc.

Back in the last financial crisis, people had their HELOCs terminated and had the unused portions frozen.

I just joined this forum because I'm in need of a "tribe" who  has wisdom and experience to offer. This is mine and my partners second investment rental property. We sold a condo and bought a brand new townhouse in De...

The same process took place during the S&L crisis back in the 80's.

Lower-end properties will need more hands-on, crisis-level work.

Although that was back in 1997, before the mortgage crisis.  

The global financial crisis has hit the native property market quite differently than the holiday home market which dominates the costal regions.If you want proper analysis you need to look at local publications, English language versions will be very Costa-sentric and will provide a pretty narrow view, 50% of the property in Spain is bought and sold by Spaniards but foreigners of various nationalities all profess to be experts in the country as a whole.

If you currently have your home listed for sale and/or rent-to-own on ANY popular website (CraigsList, Rental Properties, Buy Owner, etc.) please be aware of a scam that has been making the rounds for most of this past year.This specific scam is originating out of cyber cafes located in the little known Republic of Liberia (you are probably more familiar with the Republic of Nigeria to the east, and the popular e:mail scams that promise huge payouts from the Nigerian lottery, or requests from a Nigerian diplomat who needs assistance in moving cash out of his country).