I just remember watching those shows where there are billion dollar plus developments built in china sitting empty.and Last time I was in Singapore we scooted over to Maylasia and you should have seen all the high rises there basically 1/4 sold or mainly empty ..

Evergrande, a Chinese company that is largely associated with real estate development holds $300 billion in debt that cannot be paid off. 

I get it, everyone is mad that Peter Thiel has 5 billion in his IRA.   

Today, he owns around 10k apartments and is worth half a billion dollars!

It's $3 billion in total and spans more than 54 acres along the city’s downtown waterfront.

FDIC took over and valued everything at a penny per thousand dollars, doors chained overnight, coffee and family photos on desks were dumped.Chase got $300 billion in  liquid assets, $400 Billion in real estate holdings, and clients of west coast and Florida branches.

., from Manhattan apartments to California mansions, but the problem remains.More than $2.3 billion was laundered through U.S. real estate between 2015 and 2020, according to an analysis cited by the Treasury.

As you can see I've done this a billion times. 

If you are a long term buy and hold investor, I would look at where the growth is happening....buy in the areas of high growth....as Ross Perot used to say, you want to make a billion in real estate, buy in the path of progress....and he and now his family did quite well with this idea.Austin prices are super high, but seem to be going higher. 

The contractor's original work got "done" 5 months later than their original estimate with a billion excuses when we're actually able to get hold of them.