Enterprising blood-sucking-leaches, er, I mean lawyers, will search the public records looking for people who own multiple properties, and then find a reason to sue them. 

@Chuy GonzalezI am 1 for 1 getting burned by section 8 tenant costing me $7000 total with lesson learned. 12 years and first bad blood bath

The listing agent you need to be aware of is the one who smells blood when a buyer submits an offer on behalf of themselves, because they know multiple ways to take advantage of that buyer without them ever even knowing it.

If prices are too high now, you could either hoard the cash and wait for blood in the streets during the next downturn, or dump that cash into your highest-cost (ie, interest rate) mortgage, and then pull a HELOC on that so you can deploy the cash when it IS affordable again.

But it works, simplified, like if you owed $500 to CA but paid state XX $300, then you only have to pay CA the $200 difference.CA may not be able to get blood from a turnip, but they will suck that turnip dry before they let it go.Likewise if you, say, play professional sports for a team in state XX, live in state XX, make $20,000,000 a year, play 1 out of 20 games in CA, they want that 1/20th of that two million taxed in CA...but they will give a credit for the taxes you paid in state XX according to the interstate agreement. 

I told my husband it's going to be blood in the streets soon.

USA is like a prune at this point still covered in leaches draining what drops of blood are left, with the Fed popping in whole-blood IV's.

I am forecasting a lot of blood in the streets in the next year or two. 

., so there is always new blood to arrive as those who have cashed out, or spun out, drift away.In the context of 50-100 years compared to other global cities, I don't take the "exodus" talk too seriously here b/c as soon *you* or *I* don't see value in it, someone younger, or more enterprising arrives and does see value in it.

You can not get blood from a rock, nor truth from john C.