One of the major causes for
the recent real estate crash, just like the S&L debacle in the late 80's, were bad projects / loans made without accurate information showing whether a project could succeed.
Not exact matches
People who play the appreciation game get hurt, but many
real estate investors made their millions in the most
recent crash.
Or — like we saw during our more -
recent real -
estate crash — when housing prices tank across the board, it doesn't matter where a property is located and in what condition: it will lose value.