If you can make your mortgage payments, be glad you are not in financial crisis... or ruin.

This home was stolen from the Black community in the subprime mortgage crisis, and it's been sitting vacant for nearly years," said Walker in a November press release.The last sentence of the article did surprise me - "Law enforcement were ordered to forcibly remove any occupants of the house if it is not vacant within five days."

I totally see the problem with cash out because the lenders are afraid of future declining values and so they don't want upside down mortgage in case the value plummets due to financial crisis.

Appraisers (along with others) ****ed up in a big way leading up to 2008 crisis, so they are being conservative.

I would have been way ahead if I had paid attention to increasing my Wealth with my Rental Houses and Duplexes before the Economic Collapse of 2008, with consolidating into a few Commercial properties and not having all my Tenants lose their JOB's the first two weeks of the Crisis.

The Great Depression and the Financial Crisis. 

I think he watched too many episodes of cop shows where the person working as a foreign diplomat can get away with anything.

The rent is $1,000 per month, The barber shop is on a one year lease, and I doubt it will survive the Covid crisis since they still hadn't opened their doors prior to the shut-down.

I want to enter the RE game very soon because during the 2008 crisis, many millionaires were made, and I don’t want to miss out during the worst one since the Great Depression.

If you look at the photos though these particular garages were stripped down to their frames, which would definitely explain the cost.https://www.presstelegram.com/2019/07/12/a-long-beach-housing-crisis-solution-could-be-spelled-a-d-u-and-its-not-just-for-granny/