This will probably be lost to time but the dc area housing market has been deteriorating for well over a year at this point & it’s not clear how much government or doge even has to with it, it’s also incredibly scattershot our suburbs have added inventory but things still more or less move, prices maybe off a few percent but nothing really interesting at all, feels very 2019, the city proper which is less than 10% of metro area population the bottom really has fallen completely out, entire neighborhoods 25-30% off thier 2022 peaks, a lot of the inventory your seeing is city proper going through basically a 2008 style collapse that’s been going on for over 3 years, but hasn’t really touched the burbs. 

The banking collapse of 2008, Covid, and social trends like digital nomads, work from home, blow back against blue states like CA.3. 

Over leveraging is path of destruction, just yesterday I read one of the biggest landlord of Multifamily somewhere in Tx lost everything after their apartment collapse due to cross-collaterallization.Overleveraging is not worth it.also you should not follow any advice in BP because it is mostly coming from sell side.

During the GFC I knew many colleagues  Other brokers and builders and lenders like me that simply never altered their lifestyles as the world was collapsing and lost everything. 

Any investment can go to $0.Any investment can go to zero but if VTSAX or SCHB go to zero that would require an entire economic system collapse as compared to the plethora of very real instances that could lead to a multi family property failure.  

Quote from @Rafael Trinidad: Seeking advice  purchase a two story condo from a wholesaler last year with my credit cards fixed the property up spending about 105k plus another 45k in labor and materials apply to refi and was told the condominium community had new Florida laws that required all condo are upto date before qualifying for a refi Currently have it rented any option out there  the credit cards were Intres free for a year now Intrest is like $2900 a month Because of the Surfside Condo collapse a few years ago, condo buildings now, by law must have upgrades and increased reserves to deal with capital improvements in the future.

Scaling without a solid, profitable base is like building a second story on shaky foundation the collapse just comes quicker.

Here’s one thing that saved me:I kept one credit card open—just one.While everything else collapsed, that single card kept my credit history alive.Years later, that “tiny thread” helped me rebuild perfect credit and access over $500K in lines.The tip?

The company had been promoting affordable, energy-efficient homes, but once financing tightened, they collapsed mid-project.

Are the new Airbnb rules/emulations at least partially to blame for accelerating the collapse?