The debt has made it more difficulty for me to obtain financing in my endeavors (of course I happened to become an entrepreneur right when the credit crisis hit), but ultimately I think I will come out for the better, especially being able to survive the downturn.I am a little bitter towards the higher education industry for taking advantage of my parent's never having had a college degree rationalizing to them that debt was an acceptable and normal way to pay for higher education for your children.

In some neighborhoods you can really see the impact of the financial crisis, where a home in 2007 that was once worth 115k is now assessed for 80k.

This was a stroke of luck, to be sure, due to the sudden popularity of the neighborhood I bought in and the drop in prices in the surrounding areas because of the foreclosure crisis; it's not a scenario I would have planned for.

Only built 30 before the 2008 crisis wiped him out. 

I don't have time to go into details as I am at work, but there were many many factors much more responsible for the crisis than people who bought a second home with intent to resell.

Check out the article below. https://www.bisnow.com/san-francisco/news/office/bay-areas-housing-crisis-could-chase-facebook-other-tech-companies-away-89204@Sam Josh, it seems I may have been misunderstood.

While I liked the city, the looming pension crisis in Illinois scared me away because property  taxes will rise sharply.  

What I will say is that bay area housing has hit almost a crisis level shortage.

I've yet to test them by not submitting the documents, but it is a nuisance.Also, during the financial crisis my friends who were manufactured home dealers lost their line of credit because the bank decided to stop financing that type of business. 

It was very hard not to laugh, but I think I handled it as diplomatically as I could have :) Good Luck!