In highly leveraged deals this could destroy the liquidity of the deal. 

Scenario #2:  A family facing a foreclosure in a few short months, has the decision to sell their property sub 2, to save their credit, or destroy their credit by allowing the foreclosure to proceed.

This event would have destroyed a lot of areas, TX & Houston will recover from this and emerge stronger than before.

First few lots toward an entrance may be sold at cost, sometimes less to generate activity in the subdivision.The HOA, gosh I'd destroy that if possible, I dislike HOAs, but in some areas it is a plus.

You know, you marry the wrong person and it just destroys you." 

What if they literally destroy the place?

If you read it back then and asked some questions, I'm sure it would not have destroyed your REI confidence.

Between stamp duty and capital gains tax here in Australia it destroys property liquidity and that makes it actually harder for people to get into the housing market - be they young (first home), upsizing (growing families) or down sizing (elderly).You need to not impede volume and liquidity, we’re living the other side.

Your tenant destroys house and you only make a few hundred a month on the house.

https://www.whio.com/news/loca...There is another article in which it mentions about the abandoned homes will be destroyed and land will be sold to investors or some will be turn in to parks.