Is there a Rent Bubble? What could cause Rents to plunge?

[Jay G.]

Have you thought about this much? 

Do you have any specific indicators you watch in your local area, region, or at a national level to gauge current health of rent rates?

How much can rents drop (%percentage) before it would hurt you?

What is the new home and multi-family/apartment build looking like in your area? Do you know how many active projects are in progress or how to find this information out?