. ;-)"Don't Miss The Signs Of Another Slow-Motion Meltdown" by Tyler Durden Fri, 09/21/2018 - 14:56 That slowing down effect is important to bear in mind as we encounter the 20th anniversary of the Russia-LTCM financial crisis of September 1998 and the 10th anniversary of the Lehman-AIG financial crisis of September 2008Of course, investors recall where they were and what they did during the absolute height of the panics — Sept. 28, 1998 and Sept. 15, 2008.Most investors may not be aware that these peak panic moments had actually been playing out for over 15 months in both cases.

What if the next financial crisis is not a "crash"? 

@Terry Lao when I was buying property in Phoenix in 2010 during the credit crisis, I paid $55k for a detached 3/2 home on a short sale and quickly rented it for $1100/mo.

It's likely just a matter of time until some other crisis hits.  

If I decided to sell one of my apartment buildings the prices were actually rising because a high percent of single family investors woke up when they saw that the housing crisis did not affect multi-unit properties and the prices of multi-unit properties was actually rising.Maybe, I could write a 350-page book about the advantages for investing in multi-unit properties.

This was a very real concern during the crisis.Of course, in a crisis like that the real estate you lend on would be next to useless because you couldn't sell it for anywhere near 100% of ARV and a very large number of RE would go belly up so I don't see how this is better collateral than a bank fiat guarantee backed by its credit and than the credit of the FDIC.

The Bush administration developed an effort to confront the worst U.S. financial crisis in decades, describing a plan that could cost taxpayers hundreds of billions of dollars to buy up bad mortgages and other toxic debt that has unhinged Wall Street.

If i know I won't be selling for a year, I definitely need to find another job parttime to get me through this financial crisis.

I see people with $100k+ cars all the time living in 1 bedroom apartments, it just doesn't make sense.You are young, pay off your debt from student loans etc, then save, then invest, then when you're 40 and you become suddenly aware of your mortality and have a midlife crisis, you can buy a lambo no problem.

I slogged around aimlessly for about 8 years just doing the occasional deal and then I had my "midlife" crisis.