First, he made the prediction that the stock market would crash to 6,000 by first quarter of 2015.

Hi, I spoken to someone today in Los Angeles and they said they brought their property before the crash at about $230k, after the crash the value went down to $80k, they said there was a program that came in during that crash period and now then their new mortgage was reduced to $80k, which was the valve after the crash.  

Copied from a fellow broker so i have to paraphrase but thought this was good info -- esp why we never crashed in the housing bubble.MY WORKING FIRST TO @NICHOLAS B: I have an excellent article for you regarding why NYC never experienced the crash we avoided the downturn b/c 75-80% of our buildings are co-op -- MUCH more financial restrictions than a mortgage (typically 25-33% down but could be up to 75% down or cash only) -- higher down payment and 2-3 years of POST CLOSING LIQUIDITY (maintenance + mortgage) must be in your checking account AFTER closing in case of ANYTHING... some co-ops require full cash only and then post closing, be worth twice the value of the apartment-- some notably require you to have over $100 million in assets!!

If you're all in on real estate and another crash happens, you're net worth is screwed, as your funds are locked up in equity.

And then the market crashed!!!

Only shared housing I would do would be limited to top end collage areas and Airline crew crash pads

Fedral Raise has raised short-term interest rates for the first time in nearly a decade, calling an end to the near-zero borrowing costs that have prevailed since the US was struck by the worst financial crash in modern times.

Which struck me as really odd after all the books I read, seminars and boot camps I had attended, if it was  so lucrative that peopke are paying 3,000-75,000 for mentoring or coaches, why coukdnt i find anyone making a living at it.Apparently a bit more difficult than thay make it seem :-)After the crash when I decided to focus exclusively on rehabbing, first year I did three, doing all the work myself, next year six after hiring a couple peop, e, hired a few more and rehabbed 12, doubled tge staff and did 13, oops something wasnt working

As long as I don't loose it all in the next crash I am glad that I leveraged up our paid for properties.

I had a dream in mind of building my own company around custom home development before the market crashed.