When the next wave of the economic collapse hits, these states (along with states that topped the first two lists, such as New York, Rhode Island, Massachusetts, South Carolina, and Connecticut) are going to be the first to feel the pain.

After the great recession, FNMA and FMCC were about 100%... they maintained liquidity virtually single handedly after Lehman Brothers and other investment banks (major firms securitizing home loans) collapsed.

In these cases, the specific sector was over-inflated and collapsed as faulty - maybe even fraudulent financial vehicles and/or practices were introduced to suck even more money out of the sector as it heated up.Just because the dot com sector eventually swallowed reality and fixed its fundamentals on value products/services, the energy sector resolved in the courts, and the housing sector flushed out its overly speculative practices (many of which were really bank-driven, primarily as loans issued to folks who had no business buying housing - and toxic mortgage packages created with weird names and no vehicle history to attract investments thus made with no due diligence and no 3rd party oversight - which took unprecedented government intervention and bailout across many sectors to fix), doesn't mean that the next sector downturn trigger doesn't lurk out there.What some call creativity or innovation is really just greed masked in packages so new and weird that due diligence is nearly impossible.  

Always be prepared for a bubble collapse but when everyone else is pulling out, work your plan like it isn't the end of the world.

Hello All, So, in the 4-horsemen discussion I discuss that if left unchecked, then the affordability crisis will be part of the reason, out of 4, for the collapse of the US economy if not the world economy.

In the 2008 Collapse of our Economy, the Billionaires and Politicians etc. were buying up Farm Land.

so i contacted a redfin agent via text with the above link and the address of a DC area relative who's thinking of selling and asked me to research, only to receive a call back from Redfin (not the particular agent i texted) saying sorry if you're looking for that offer, we dont have agents available to help you since they're all working at 'full capacity' now during 'peak season'i then contacted another redfin agent via text with the above link and the address of a NVA area relative who's s thinking of selling and asked me to research, only to receive again a call back from Redfin (not the particular agent i texted) saying sorry that offer is only for specific addresses within NVA and we don't have agents available to help you since they're all workin at full capacity now durin peak season yada yada.my relatives' reactions were of disbelief and bewilderment, respectively. dont know of any other discounted brokerage brands servicing prince william nor wash dc county; they're looking to save on commission as selling below market val to get out before the proverbial next bubble burst or us collapse

Every 5-15 years or so they are "right" because there is a shock or some level of a market collapse/correction.

Yea, we suffer this stuff because somewhere along the line, some jerk said xyz, was taken at his word and then the roof of consequences collapsed because he lied.Acquiesce and move on.

I was made whole by Bradley Lewis regarding my rental property after the collapse of their company.