I am completely debt free and make a pretty comfortable wage, at the moment I am currently saving for a down payment. 

This can be especially valuable for high-income earners who actively manage their properties.

Thought I was gonna get paid thru EDD and didn't go thru and was out almost 12k of wages.

Minimum wage is $2.50 USD.  

Many cities are seeing a widening gap between wages and home prices, making them “impossibly unaffordable.”https://www.zerohedge.com/personal-finance/mapping-housing-u...

High(er) interest rates, without a decline in asset prices or without wage growth create textbook unaffordability.  

You open yourself to a lot of options if your spouse if able to claim real estate professional status.That means all your rental activities(that you can group together) will be treated as active instead of passive.With the help of cost segregation studies, you can utilize the added losses to offset your other income such as wages, interest, dividends, etc.

Of course, everything in taxes is case by case, but I'm sick and tired of explaining to frustrated high-W2 doctors and other high-income earners why their taxes are not going down like the sponsors "promised" them.More here:https://www.biggerpockets.com/forums/51/topics/839015-are-sy...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

I’ve had similar situation twice First time I contacted the sheriffs dept. they garnished his wages and paid me The other time years later they went to get a mortgage and had to pay me off including interest and penalties before they could get the loan as the judgement appeared on their credit report   I don’t know if it showed up on their credit report I know my lawyer got a judgement against them About 4 years later my Atty sent me a check for all back money due as well as penalties and interest  

This will still be a relatively small number unless you're a REP and a high earner.