During the crisis I worked with several banks in liquidating REO properties.

Investment Info:

Single-family residence buy & hold investment in Miramar.

Purchase price: $215,000

Cash invested: $22,000

1/1 condo..was my primary residence.. due to job opportunity had to turn...

Purchase price: $18,000 Cash invested: $3,000 This is a fee simple, no HOA, townhouse bought during the depth of the RE crisis in 2010.

I buy for cashflow because appreciation doesn’t pay the bills and in a economic crisis that 300k house can't sell for 200k while the bills stack up  .

One of the main reasons we’ve seen such a surge in California ADU bills is to combat the housing crisis.

My rents in Oklahoma went up during & after the 2008 crisis & I made more money.

As for properties, a lot of Bangor is priced on the higher side due to there currently being a housing crisis  (great time to be a landlord) but there are still plenty of deals to be found here and on the other side of the river in Brewer if you look.

You have to thank the housing crisis and deregulation that destabilized the housing market and jacked up rates. 

I would position it (diplomatically) that you work hard on your business to help improve the neighborhood and pay your share of municipal taxes, and you just want a reciprocation of that investment to repair the "city's property." 

We bought our home in 2010, right after the financial crisis.