My dad is a CPA and tried to give me a crash course, but I still can't wrap my head around it, especially double-entry accounting.

Dallas had a major boom a couple years ago and now the prices there are higher than they were before the crash.

When I sold it eight years later (three years after the housing crash) I had turned my $14,000 downpayment into $85,000 profit.If you analyze something today and it has a negative cashflow, it can still be a winner if you just hold on.

In 2011 during the depths of the crash, broke, and basically scrapping by bartending, I met a couple guys.  

Then the market crashed and values dropped 50% or more - basically back to the 2003 level. 

This approach resulted inOver 470 properties deliveredAverage tenancy of over five years.Five evictions in the last 15 years (over 1,000 tenants).2008 crash - Zero decline in rent and zero vacancies.COVID - Almost no impactEviction moratorium - Almost no impact2013 through 2021 appreciation averaged >15% and rent growth averaged >8%.

People that over-leverage are more likel to crash and burn.Hustle.

These Sub2 constructs are the literal house of cards waiting to come crashing down around many people's heads.  

I've been pondering the 2008 crash lately and wondering about my position.

As Covid 19 shut down offices everywhere for weeks and months in 2020, the rumors abounded that commercial real estate would crash.