The current politico-economic situation put the secondary markets into a frenzy and it is just beginning to settle.

I am in this for the security of the investment to insure I have a roof over my head during an economic collapse.

Bare land can look like a great deal, but with development fees and materials costs being excessive right now it is often much more economical on the OR.

This is extremely well documented, the Wikipedia page is pretty comprehensive:https://en.m.wikipedia.org/wik...At a high level, the early 2000’s push for everyone to own a home via deregulation led to massive amounts of lending to people who couldn’t afford the home, and when they started defaulting it threw sand in the financing mechanism of the global financial industry....so banks in general froze up and presto, global financial crisis.

Economic Update(Monday, November 16, 2020)Last week, the stock market roared higher on the news that a highly effective Covid-19 vaccine appeared to be just on the horizon.

As a landlord that went through 2008; purchasing and renting multifamily and commercial real estate, you realize how important reserves are when CAPEX repairs come up sooner than expected while trying to maintain economic occupancy in your properties during a recession. 

There were a ton of deals like this on the market following the mortgage crisis of 2008-2010 so it's possible it's been vacant that long, in which case it's probably been exposed to weather etc. and may be a teardown at this point.

Hello Raj, the province is in an economic recession as multinational oil& gas firms are no longer investing in large projects and a lot of oil& gas companies have moved completely out of Alberta.

Just asking more the atmosphere in Indy now economically etc.

A few of those placed strategically on top of 3-4 inches thick of concrete pavers might keep the problems from getting much worse.Foundation issues are some of the worst problem investors face, unless you know how to fix them economically.