If your statement is true, I would guess that the severity of that collapse shook the faith in homeownership, keeping rental demand high even as property values plummeted.

A lot of condos don't have reserves and due to what happened with the nearby condo collapsing recently, Florida just passed a law to help prevent this from happening again.

We like collapsed sewer pipes, mitigated termite damage, sinking foundations and the like.

If he's robbing Peter to pay Paul then you could be the guy that gets left out in the cold if something happens to his business....or if he decides to make his boat payment instead of buying your drywall......I actually saw some of that kind of thing when the market collapsed in 2008.The other major problem that paying deposits creates is that it eliminates the driving motivation for the contractor to get your job done quickly or on budget.

In the last housing crash the value of this same personal residence collapsed to $270,000. 

I'm thinking whether we will see similar Lehman's collapse and whether there will be "too big too fail" so gov. has to rescue their friend, and QE will be restarted..... this is especially true for bank that's financing company like Coinbase/Celcius/any crypto company.Also my bet is if tomorrow's oil price goes back to $80 (like it always happened) then suddenly everything is back to normal.

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

So my question is this...One thing I never understood during the 07/08 housing collapse was what happened to RE investors who had a bunch of mortgages.

New housing starts unexpectedly plunged more than economists projected in June as home builders grappled with the effects of rising interest rates curbing demand for new homes, according to data released Tuesday, adding to signs of an abrupt turnaround in the booming housing market.KEY FACTSThe number of housing starts, or ​​new houses on which construction has started, fell 2% to about 1.56 million last month despite average economic projections calling for an increase of 1.4%, the Census Bureau reported Tuesday.Building permits were slightly above expectations, coming in at less than 1.7 million, but fell from May and are down from about 1.8 million in April.In emailed comments after the release, LPL Financial chief economist Jeffrey Roach said housing starts declined because demand is “quickly drying up” from higher borrowing costs as the Federal Reserve raises interest rates, though he expects home building activity should hold up despite the grim outlook.Pantheon Macro chief economist Ian Shepherdson was less optimistic, pointing out single-family starts and permits both fell by 8% in their fourth consecutive month of declines and noting construction activity lags sales, which in turn lag mortgage applications.Mortgage applications have collapsed more than 25% this year, he adds, suggesting single-family housing construction "needs to fall by [another] 20% or so over the next few months” to be more in line with demand.The latest data comes one day after the National Association of Home Builders reported the second-worst single-month drop in home builder confidence on record, driven by ongoing production bottlenecks and high inflation that have pushed the cost beyond its market value in some cases.KEY BACKGROUNDHistorically high savings rates and government stimulus measures helped ignite a home buying frenzy during the pandemic, but signs of a slowdown have quickly emerged as the Fed embarks on its most aggressive interest rate hiking cycle in two decades to curb high inflation.

There could be all kinds of fire risks in there (think dryer vents full of lint that can still cause a fire even if sealed off), partial collapses, cracks, and other evils.