The story was extremely exaggerated by a Scottish journalist in 1841 who was ahead of his time in the "Fake News" sector, and the tulip "mania" actually didn't involve very many people and had very little economic impact:  https://www.smithsonianmag.com/history/there-never-was-real-...I suppose we can still draw lessons from a story that is mostly fiction, but more accurate comparisons would probably be the South Sea Bubble in 1700s England, the 19th century railway bubble, or the dot.com bubble. 

Here’s what that could mean for borrowers—especially first-time homebuyers:When these programs began (FHA in 1934, Fannie in 1938, Freddie in 1970), qualification was far stricter:Large down payments—often 20% to 50%Short loan terms—5 to 10 years, often with balloon paymentsLimited access—mostly to well-established, higher-income borrowersOver the decades, GSEs transformed the market with:3–5% down payment options30-year fixed-rate mortgagesHigher allowable debt-to-income ratios (up to ~55%)Lower credit score minimums and minimal reserve requirementsPotential Effects of PrivatizationTighter Qualification Standards – Higher credit score minimums, lower max DTIs, and larger reserves could push many first-time buyers out of the market.Bigger Down Payments – Low-down-payment programs may vanish, forcing buyers toward 10–20% down.Higher Interest Rate Volatility – Without federal guarantees, investor risk premiums could push rates up and make them more volatile.Reduced Access in Marginal Cases – Self-employed borrowers, those with moderate credit, and non-traditional income profiles may have fewer options.Privatization could roll back decades of progress in mortgage accessibility—bringing lending terms closer to what existed when the programs were enacted nearly a century ago. 

It may not be the sexiest form of investing and it may not be 100% passive, but it's proven way to build wealth for over a century! 

- Isn't this the 21st century?

Why You'll Love This Home: This property strikes the ideal balance between mid-century architectural charm and modern convenience.

Check out this recent thread on LLC’s, it’s pretty eye-opening that of all the very experienced investors on here, with centuries of investing experience combined, the consensus was that LLC’s are not needed for most investors:  https://www.biggerpockets.com/forums/926/ Of course gurus will tell you that you need one before you even have a single property, because it makes them sound smart.

Doing rehabs on turn of the century properties you never know what to expect but we all have a baseline if you have been doing this for a while of what a project may cost for a rehab.

We'll have some outliers in such a long time span to compare, but the latter one may not just be an outlier but an once in a centurial type of outlier. 

Neighborhoodscout appreciation for this century.  

We have over 50 builders that use our marketplace nationwide including the nation's largest builders like DR Horton, LGI, Lennar, Century, Toll Brothers, etc.