Since cash flow markets don't appreciate much during the up cycle, they don't crash as much during the down cycle.  

With that in mind your crash course teacher wasn't to far off.

I just attended a commercial property presentation for private funding this week and heard that Cincinnati was pretty much untouched by the housing crash as many Co.s are based there.

Now with the rest of the world crashing, what low paying factory jobs that did exist are now gone too.

That's meant to save what you've written so far in the case you accidentally close your browser. your machine crashes, or the site has a hiccup.

The most "infamous" recent case involves a developer who bought as a dealer and with the last crash ended up owning the property for 12 years and his exchange was questioned and denied.  

I moved to southern California when the market crashed, from an area that was hard hit, because we knew southern California is ALWAYS the first place in the country to rebound.

Try Housing Crash Spreading Price Drop in 180 Cities.

Hey buy a home it cash flow 100 a month and get cash back.I was the HML that put those folks into title I did this over 2000 times from 2002 till the crash.

The large banks profited handsomely during the housing bubble which they and the government regulators were responsible for, were bailed out by the regulators with public funds after the housing crash which they were also responsible for and protected from competitors (both community banks and private lenders) with Dodd-Frankenstein.