We need a huge discount to assume that kind of risk.. even if it's a small chance, the consequences would be catastrophic.

If I see a 50% reduction in rents it’s because we’ve reached peak catastrophe...

The key to all of this is that with the exception of catastrophic failures caused by forces of nature or economics, Real Estate is like a wave. 

Get those inspections done quickly...and you're probably only backing out if it is something catastrophic....like a roof that the seller has no interest replacing....or extensive mold or extensive termite damage...or something like that.   

Instead of filing them when I get back to the office in the real filing cabinets (Probably going to still file the paper to make sure there are no catastrophes the first year).

I have looked at tons of health care plans and none of them make sense to me.They cost more than if you just paid cash and received a discount.I can see catastrophic care as that covers big events that cost a lot of money at the hospital but for seeing regular doctor visits the numbers do not work.

Between land transfer taxes where you’re at and capital gains tax you’re just feeding the idiots in Ottawa more reasons to drive us further into catastrophic debt.

Someday the music will stop and some owners will get hurt to some extent, either simply not achieving projections or catastrophic deal destruction.  

And then one day I woke up and realized there's opportunities to be explored, now, and I was expending a lot of effort on things that I can't stop anyway.These days, I spend virtually zero time or energy talking, debating, or planning for catastrophe.

America is starting to look like a late-stage nation whose citizens enjoy the fruits of the previous generation's struggle but are slowly but surely approaching a catastrophic debt bubble waiting to burst.