I witnessed this in 2001 and 2009 crashes.

Houston and Austin didn't see a crash in 08 and 09 so we have never been able to come in and go to town buying as far as MLS listings.  

When there are that many newer investors there, just like when Las Vegas strippers owned a dozen rentals before the crash, it might be the time to consider peak note if that many attendees are looking for 2nd liens, just my 2 cents...

How tight and unpleasant are some of the spaces the electrician needs to work in?

I kept hearing all of the "experts" and "gurus" saying that the bubble was about to burst and the market was about to crash.

My dad is a CPA and tried to give me a crash course, but I still can't wrap my head around it, especially double-entry accounting.

Dallas had a major boom a couple years ago and now the prices there are higher than they were before the crash.

When I sold it eight years later (three years after the housing crash) I had turned my $14,000 downpayment into $85,000 profit.If you analyze something today and it has a negative cashflow, it can still be a winner if you just hold on.

In 2011 during the depths of the crash, broke, and basically scrapping by bartending, I met a couple guys.  

Then the market crashed and values dropped 50% or more - basically back to the 2003 level.