This way I protect the equity since MFH is valued on NOI while I also cash flow, stacking my chips to buy more leveraged real estate in Seattle when the market plummets again, Even now I'm saving cash for that purpose.

And be vary wary my friend of using those cards because the minute you break the artificial debt ratio set by the credit gurus your score will plummet faster then a bowling ball from outer space.

One co-owner's credit score plummeted and her refi fell thru at the very last minute (Dec) and we've been waiting for her since.

These tenant types have had credit issues (defaulted student loans, bankruptcy, foreclosure, short sale, medical collections) that have plummeted their scores below 600 and shut them out of nicer properties. 

Jay is right in saying that most triple-deckers here in Worcester are in rough shape, but a handful look good to cash flow.The multifamily market is plummeting ten-fold compared to sfh around these neck of the woods.

Soon after, cracks started to appear in the market, investors stopped buying land, prices plummeted, and the development was canceled.

At this point we all know that COVID-19 and shutting down the economy caused rates to plummet, that dynamic cuts both ways. 

I wasn't around then, you graybeards tell me if my understanding is correct, but what I'm given to understand is that values plummeted in military base towns, and in towns where a big military contractor (Boeing, Lockeed Martin, etc) had a big factory that everyone worked at, in both cases due to the broad expectation that the one base or industry propping the town up was about to go away (I grew up in one such town, the Air Force base became a ghost town [on base housing all boarded up, etc], then a superfund site, then a new home community years and years later, heh).

Their net worth plummets in exchange for an illusion of relief.   

History shows that real estate interest rates tend to hit their highest after land values peak.Mortgage applications to purchase a newly built home plummeted nearly 9 percent in June compared with June 2017, according to the Mortgage Bankers Association.