Now the market crashes, and they can't get out, dropping their price every 2 weeks, until they are back down to where they started.Don't confuse  realized gains, with unrealized gains.Matt

He lived in a house but rented out he individual bedrooms while he crashed on the couch.  

In Tampa we see this huge wave of building since the 2008 Crash.

I worked as land manager for one of the largest home builders for three years just prior to the crash, but was only responsible for property due diligence, and construction of roads, utilities, and site work for large projects; not individual single family home rehabs or individual / small scale new home communities.  

Interesting you said that, I was thinking to myself earlier today "I hope the real estate market crashes soon so I can buy up a bunch of properties on clearance!"

Oh and I didn't see the part where you said wait, to save more money absolutely not, buy now trust me buy now and later keep saving find that deal leverage your self now that market is hot price are believe to be high but I was a Analyst for 6 years during the crash and my 2 cents they gonna get higher.

The first one that I googled was VTI at 0.05% expense ratio, while returning 228% since the crash in 08, or if you include the crash it's 75% over a 10 year period, not counting it's ~2% per year dividends.3. 

The property was purchased in 04 before the crash and has become a liability, mostly my doing for not being well versed in money management and cashing out equity on the home. 

That is kind of scary if the prices have just recovered to pre-crash levels.

Find a RE broker that owns property and has been working full time in RE for at least 10 years, ( from before the market crashed) this way you'll know they are knowledgeable about the process, area, and investment properties!