They arent making any more wine country and our population isn't about to shrink.

This means less inventory on the market which props up prices and the buyer pool shrinks to cash buyers or seller financing.The above aren’t straight line actions.  

SVB had both geographic and industry concentration and that made their deposit base shrink super fast,  (VCs stopped pumping $ into startups, but those start ups still had to pay rent and make payroll).

Another option would be to shrink the grassy area by having a plant border fill in asking the fence.

But if you value your time and sanity, which most DIYers don't, and factor that into the cost of running your rental, then you'll see that the commission gap shrinks quite a bit. 

Population would need to significantly shrink-- I agree.

Over the course of time through pay down of principal and appreciation that number will shrink and then maybe at that point you could either pull cash out or 1031.  

The buyer pool shrinks and the value of the property does along with it. 

Is the market segment they service growing or static or shrinking.

But I do not believe that it is mandatory anywhere in the state/by any conventional residential lender.)When I was looking to buy in Memphis, I was aware of the New Madrid Fault, tornadoes, and crime rates (and shrinking population) - but considered the probabilities, price/value in what I also (still) see as an underappreciated (if only for its geographic location) market, and size of my overall portfolio exposure, and went for it.