That is true when the economy is bad but we need to have the same mindset when the economy is good and not wish for the bust days.Again, I understand your take and I myself hope I am in a better situation to redistribute some wealth at the next downturn but ALL UP, we should be happy we are not in 2008 again.

This is a huge blow to our economy.  

I think some are great rental markets, meaning you can get decent tenants who pay consistently, higher cap rate 7%-9% and generally economy of scale that you can't achieve with SFHs.What I struggled with when I considered my deal was value.

Multi-families are my specialty because that is exactly where we want to invest (can't beat the economies of scale).

Multi-families are my specialty because that is exactly where we want to invest (can't beat the economies of scale).  

I can't imagine buying a 1972 Ford Pinto (a very cheap economy car designed for fuel efficiency) and deciding that I wanted to transform it into a luxury sports car.

(When Norwegians bought american property.)Here is an article from Norways largest economy newspaper.

Hope I don't feel so sluggish tomorrow.      

I also liked the Kansas City, MO market - I heard on podcasts that it has a diversified, strong economy - and the property values are much cheaper than in my area. 

Or maybe you own an apartment right next door and can take advantage of the economies of scale by owning both (i.e. hire someone on site to do the maintenance and leasing).