Many of the older underground coal mines in Southern Illinois are starting to collapse.

Hi @Keeya WangJones, well this is my little story 2004( I was to young had just gotten my real estate license but what I remember, I did 2 sales only that year, but rates did go up a little and that's why my 3rd property did go threw ) 2008( I was young Associate at the Investment firm of my dreams, so my job was to analyze trades, purchase of large multifamily complexes, what I notice that the uncertainty of the election does drive into doing out of comfort moves, but 2008 election was during a time of crisis in the real estate world, but what I gather of the residential market that year was if you had money you bought property because it will go up couldn't go any higher and election did affect at some point the election ) 2012( I was more establish in the firm and was head investment analyst learned a lot since last election, and this was a different, that drove inventory low, nobody was selling investor were waiting with check and pen for another dip in the recovery economy but didn't happen just affected the options out there and the desire of people to sell common ordinary home buyer ) 2016( What my firm and I been noticing this election is a chain reaction, large hedge fund corporations are not making the move to invest there own capital, midsize and family offices are buying up safe investments and rentals with lease signed tenants, why uncertainty, and the average dude is buying like crazy, what he can get his hands one to make quick cash, will this drive or economy to a collapse again, some say yes some say no, you be the judge, but what everybody agrees that there is more money out there now so more money to loose, if I was you If there is a property that you love buy it park that money, somewhere cause whatever happens in election your money is safer in a home then in the bank, plus your home creates equity, just buy in a good area here in San Diego, we have the coastal California economy where you buy it ill go up in price, so just go out there and find the right home, I know its hard cause options are so few in the area now.  

Something to keep in mind when having things repaired, especially when you can't look at it yourself.http://www.deckmagazine.com/design-construction/house-guest-injured-in-deck-collapse-wins-500k-verdict_c

If the deal collapses and I would lose everything, I'm out.

It collapsed to less than $10 billion in 2010, and remained there until 2015.

If the drain pipe has collapsed on itself then this might not be feasible (although it might be possible to just excavate where the collapse is and tie in the intact pipe with a replacement section using fernco fittings).

Since the financial market collapse, its been very difficult for these operators and developers to acquire financing from traditional banks, and still is to this day.

Even as several new subdivions within a 5 mile radius of me are at "just beginning" to "just completing" construction stages.Which is wiser: keeping my pennies in the bank to purchase properties as the market falls farther, faster, paying off the mortgage,or taking the pennies from the bank and burying them in the backyard so _I_ end up with them, not the bank, when the market collapses?

You put the news on and roofs are collapsing all over the region as if they were all doing the wave at a Pats a game!

Just because we've seen a surge in real estate appreciation over the past 8 years does not mean that we are poised for a collapse in housing.