I saw the doge coin boom before it happened and wanted to drop $10k into it.

Well, the last WW resulted in the biggest economic boom of the 50s.

Well on the other hand, tell that to my County Tax Assessor Collector in San Antonio Texas. 

Looking back it looks like a terrible idea, but being in those trenches nobody was expecting to get (or need bailouts) the theory at the time was, sure this is a 'high risk loan' but you bundle it with this and that and BOOM the rating agency stamps it with AAA because 'no way 1 million houses default at once!'

I always tell my clients exactly whats going on and if any area is struggling or booming. but maybe I'm just one of those Realtors too hahah. 

All of that being said, from an investor's standpoint, Philadelphia is one of the lowest priced major cities in the Northeast, it has easy access to other major cities and industry hubs (NYC and DC), amenities are amazing (access to hospitals, beaches, parks, rivers, museums, restaurants, etc.) and the market is booming (Expats from NYC and other high priced cities). 

So basically if you have a 2 family with 6 bedrooms they try to find three 2 families with 6 bedrooms that sold in the last 12 months and boom that's how much it is worth.Finding perfect comps are hard, unless its a condo in t a big complex (since you'll have perfect comps), so the appraiser then adjusts the value up or down from for the differences which can be quite a few. 

BOOM!

This means the opportunity for creative real estate investors to capitalize on the foreclosure boom will continue for years to come.Homeowners who are still in the "shadows", those who are delinquent on their mortgage but not yet foreclosed on, make up a huge majority of distressed properties in the United States.

I'm sure this is just a new way to bring in new revenues, like most of the grantor's taxes or transfer taxes enacted during the housing boom.