What if you spent that 5 minutes at the house examining your expenditures and noticing non-essential spending habits?

Less fortunate are Cleveland, Phoenix and much of Florida, where prices are still at least 26 percent below where they were before the bubble burst.However, examining the data in real terms tells a different story: adjusted for inflation, home prices remain nearly 20% below their pre-crisis peak.

Most folk thinks the source of inflation is mainly from Fed printing money, but if we examine the CPI closely, the crazy inflation only occurred mainly in two sectors: Energy and gas.

Examine the BP market spreadsheet that used for its long duration 2010 to 2018.  

Their study found no flight of such affluent people in spite of the multiple tax increases the state has levied on high-income earners over the last 10 years.Tracking credit histories: In another study, the UC California Policy Lab examined 16 years of credit history going through 2020.

I believe that you'll be far more successful in your search for human greed by looking at individuals with moderately high incomes and little net worth than you will by examining the motivations of self-made millionaires who built their fortunes investing in real estate. 

Period - end of statement.ANYone putting money ahead of human life needs to re-examine their values.

An investor, in which case they need their head examined because there isn't enough margin for a profit and probably no cash flow as a rental due to price point?

@Mark Gallagher  Mark you going to offend title examiners and title abstractors all across the US with that comment about rocket science...

As a side note, in my experience, one of the things a title examiner is supposed to look for when insuring title in a new condo is an as built survey that shows the improvements were completed without which title should not be insured unless with an exception.Moving on, in 2010 the developer entered into an loan agreement with the City where the City would lend money to the developer in return for completion of the improvements and ten of the units being sold to low and very low first time homebuyers.In 2012 the developer sold multiple units in the first building and the three units in the back building to XYZ Liquidation, LLC.