Thanks for the replies. In general, pretty much along the lines of what I thought.(or feared for that matter). Seems like you need to be on the ground to stop things from potentially falling to pieces.

Although this is not a stock investing forum. I am just wondering whether or not there is a way to gain exposure to US Housing market values through stocks (when the time comes right obviously)? Most REIT's and real estate stocks tend to deal with commercial and Apartment complexes rather than single family dwellings obviously…