If our justice system were fair, this nonsense would disappear quickly.

Why would those with equity, as you described, just trade one inflated area for another when a massive pull factor (physical working locations) could disappear?

I think it all boils down to what is the potential for my view disappearing or something undesirable being built behind me.

The difference in a few thousand in sales price disappears over the long term also.

.: I just read an article that disappeared quickly.

The lower end market (Under $200k) is a hot sellers market here and quality homes disappear about as fast as they are listed.

You, mr contractor, can disappear with my money and never be heard from again.....then you wont do the job???

Your margin could disappear easily with interior damage.Despite the low inventory the comps make it appear that the market is still falling and in my area, a special assessment 2 years in a row would be the kiss of death for a condo.You have an owner who didn't even leave after the bank took it over so he might not be in the mood to give it to you in good shape.Also in my area, buying an REO puts you on the hook for up to 6 months back assessments, so you might check that out.

Money doesn't disappear, it just shifts to the financially knowledgeable.

You can do this unlimited amount of times, and when you die all those built up gains you have sheltered through 1031s just disappear.