Unless you have an inside scoop, you don't know if the basement has had standing water for 6 years, rotted sheet rock, and black mold throughout, or maybe a collapsed side sewer line.

It is never fun when the piles collapse on the people.

In Atlanta - someone mentioned Gwinnett county - Last night part of a main freeway towards Gwinnett county collapsed due to a fire underneath.

In fact, lots of experts are saying that the housing market should largely be excluded from the coming collapse, because it is not the reason the economy is struggling, as was the case in 2009.

The real danger is structural collapse. 

Now if you want to argue that the government should stop propping up the real estate industry and stop guaranteeing mortgages, go right ahead, but just be ready for prices to collapse. 

Barring a total economic collapse, of course.

I can't see a city like Chicago, even with all the problems it has, collapsing.  

Reproduces.3% Wool:: One of the most popular textile based material in the world3% Beef:: Literally grows itself at the rate of 3 per 2. (1 female makes 2-4 generations per lifespan)3% Water:: Cause you cant drink oil3% Oil:: Cant cars dont run on water1% Russian Currency:: Fluxuates vs the US market, Can leverage 1:50 in foreign markets1% US Currency: Can leverage 1:41% Chinese Currency: 1:251% French Currency: 1:81% Swiss Currency: 1:31% Danish Currency:: One of the most stable currencies in the world at the moment.1% Mexican Currency:: guaranteed spikes and drops every 7 years, predicative with presidency change.1% Canadian Currency:: Value tied to oil, hence why when you buy oil, you buy CND, Vice versa.1% Peru Currency:: currently tanking due to the US will rise shortly following new world bank, which is made up of China, Russia, and several other world powers at this point. 1% British Currency:: Because the british pound is seperate of the Euro, and should the EU Collapse, and thus be nullified, Britain, still using the pound, will observe a substantial spike in value of the pound.

I fell into real estate when I watched the property values in my own neighborhood collapse.