We'll see...) from those markets getting a good haircut, and maybe not recovering from it for quite a long time.Also, what about macro trends?

. :)    Oh my god that's too funnyJune 1978 I'm out of Boot Camp with a really short haircut, I take my dads Porsche out for a spin on route to going from Boston through Concord through framing in and around Leominster I get pulled over by I Statie meaning state police Massachusetts, and he was not impressed me going about 90 in a 55 with a Porsche 911 TargaHe says to me "license and registration now"Oh my God I'm thinking, I'm going to jailSo I give them my license but I include my DOD, green card active duty, with the registrationWhat I said in my best Marine Corps voice, "Sir Yes Sir!"

Seems like most of the owners of those investment properties sold, at a significant haircut to the market price before the law changes.Always a risk with this type of asset!

Well, unemployment will be higher than 2008-2010 by this time next year, and anyone lucky to have a job will not see any pay increase for years if they don't get a hair cut and that is happening to millions of people right now.

Firstly, Canada did not experience the mayhem that occurred south of the border {though several of our real estate markets could have used a haircut}.At the time, I had been working with telephony/network providers and brick & mortar retail companies around the world for many years designing and implementing network/communications security.  

Want to get a haircut, go see a barber with a license.

Thanks Henry, I agree that distressed sellers don't voluntarily take a haircut.

Originally posted by @David Faulkner:I love all of these OOS marketers that all claim that their market is the best, and that they are all the best provider in their market, and they will share all their secrets if you just PM them ... my advice to the OP is to never ask a barber if you need a haircut.

"Never ask a barber if you need a haircut" -Warren Buffet