Bill collectors are the targets of attorneys, CFPB and consumer rights organizations.

To sum up my experience, my commercial mortgage loan originations are booming; we’re getting 12.75 - 13.5% interest with 4 points for 12 month loans at 40-60% LTV.The purchase of existing loans from lending institutions has dried up for us, as buyers are offering more than we feel is warranted, and they are buying “dubious” assets.  

During the refi boom I had people cancel on their lender and switch with me after they had signed closing documents(this was during the 3 day right of rescission for the VA loan) you may incur costs such as the appraisal, but other than that you shouldn’t owe anything to the lender.

Some people are successful by changing banks and keeping small amounts in several accounts, so the collector can’t drain everything.

Great points already -- condos typically appreciate better, especially in urban/booming areas, because they're typically very nice, are well-maintained, and builders pack those units in where they expect more affluent population increase. "2 Years to a Million in Real Estate" by Matthew Martinez was one of the first books I read on RE investing, and if I recall correctly, his first unit was originally his primary that he refinanced/HELOC twice to get to a million.

Yes- it's pushing locals out to the suburbs, but that's what happens when any city begins to boom. 

It's booming.

How many companies over the past 10 years that were once booming on the stock market no longer even exist?

Fear applies to corporations as well as individuals.It will turn at some point and when it does you are likely to have another ridiculous boom.

Yeah it seems to be picking up momentum to be the next Westchester/Playa Vista boom area.