He is going to suffer hard if he keeps it up.

I know many people that have suffered big losses recently, but I also know many people that have enjoyed big successes in Dubai real estate. 

Regardless of paper returns, as you noted, these are the homes located in areas that suffer first and the most in an economic downturn or other times of distress. 

A lot of area looks barely touched and then of course you have devastation in Fort Meyers Beach. https://storms.ngs.noaa.gov/st...My first concern is with the people who are suffering, but of course we have to think of our investments as well.

Like has been already said, if you need to save the cash when starting out, it's not a bad thing to suffer a little for a good cause. 

They are suffering from their own stupidity, being "over-leveraged", and the investor from greed/fear inducing a good old fashioned Bank RUN on them, which they don't of course have the funds to pay out without bankrupting themselves.

As Chris C mentioned,Once that rapport is built, people sign blindly.I trusted and lost $100,000 on an oil fund deal.Signed blindly...Invested in a RE tech project.Lost $250,000Signed blindly...It is what it is.We live, we learn, we grow.As Jensen Huang said - "Greatness and character are born out of people who suffered"Wishing everyone all the best and give your family a big kiss as at the end of the day, that's all that matters 🥰

Since typically unsecured creditors get on average 10% of their claim, the note holder can suffer significant loss.  

She didn’t know what caused the fall, but said it’s the reason for her memory problems.The meeting, which was conducted by telephone, was cut short after Van Gundy’s lawyer said she suffered two seizures.Multiple investors have said they loaned hundreds of thousands of dollars to buy and sell mobile homes only to have Van Gundy and her company — Outstanding Real Estate Solutions Inc. — renege on principal and interest payments.

This will impact the rents on your current home when you move to house hack.I believe the MTR/STR market in San Diego has suffered similar impacts as many other STR markets resulting from the fed trying to slow the economy.