I've consistently written about the forces of nature and her current and future effects on the real estate market (even while often being ridiculed and politicized on this very site for it) regardless: I personally mo...

Can you hold them in a crisis?

@Sharma Parth the company is out of Arizona and in 12 markets.Just a few years ago, Flint had a major crisis due to lead water line poisonings.

There are opportunities out there but some strategies are risky. 1 - Airbnb (STR) comes to mind - very competitive, very saturated and becoming highly regulated.2 - Most STRs are transitioning to MTR so that market will be saturated soon if it isn't already.3 - Insurance crisis in florida is getting bad so those costs will eat up cashflow and short term appreciation.

Even during the financial crisis of 2008, Germany'sreal estate market remained relatively stable compared to other European countries.

Taxes : Taxes have been a brewing crisis nationwide for sometime, Chicago is another prime example of a major municipality struggling under high debt load.

Im also trying to be very careful and diplomatic because she is otherwise a dream tenant ( except for issue off course).

You will actually see more opportunities open up during the crisis. 

@Joseph M. prices have certainly gone up with the rest of the country through this great recovery since the financial crisis.

While the homelessness crisis is a complex problem, it's not unique to California and is being addressed through various initiatives.In summary: While California has its problems, it's not a simple case of "everything else sucks."