The solution was to put in two large cisterns where the water could collect and receded naturally...which I found out caused the basement of house on the end of the block to collapse in on itself. 

At some point the underground pipes collapse.

@ jay hinrichs - you don't know that the collapse in Vegas and Phx was caused solely because construction worker leaving... that is simply not true...Having a tons of OOS investors was another contributors.... there are many many studies/articles supporting that...When resession hits next, those OOS that can't find a tenant will bail... that was what caused the collapse of Phex and Vegas, at least partially....

Canada didn't do that, so there was nothing to collapse and therefore your banks survived. 

We are seeing the same situation and same sale prices as we did leading up to the 2008 housing collapse.  

What would happen to me in this given situation via the market collapsing?

Lies are a house of cards and once they start falling, it all collapses.

Basic typically includes the following: Fire, Lightning, Explosion, Wind/Hail (but not Named Storm/Hurricane), Smoke, Aircraft and Vehicles, Riot or Civil Commotion, Volcanic Action, Sprinkler Leakage, Sinkhole Collapse, Vandalism/Malicious Mischief.The DP3 is also known as Special Form and that gives you coverage for any physical losses not specifically excluded in the policy.

Yeah, it means a collapsing or at least stagnate local economy. 

Some of the areas actually didn't decline during the housing collapse which would really make for an interesting macro economic study.Last year demand was fairly moderate in the suburbs, city is always hot, this year is looking to be hot though in the suburbs.