In a down economy the first thing that families and individuals are going to cut out of their discretionary spending is going to be their vacation. 

Strong economy and population growth, etc. 

I'm not sure about the long-term economy of my hometown, Price Utah.The biggest and most reliable employment in Price is with education as we have a branch of USU in town and various grade schools. 

Does the possibility of medical marijuana (in 2020) give us hope at all for our economy to recoup? 

A "rich" investor is not likely to have wasted the $100k they borrowed against their 100 yo investment property, and they likely won't be concerned at all about the vagaries of the economic cycle which could technically place them "underwater" for that property, because, they will have a large portfolio of diversified properties, and will only be leveraged at around 75% of their current book value, which means that the economy would need to to take a really steep dive for their $135k property to become only worth $50k.

It's hard to see a slow down in the near future with such a large, diverse, and business friendly economy such as Houston's. 

So much of Scottdale's economy is based on tourism and the snowbird lifestyle.

Besides, who can predict the world and domestic economy a few years from now?

strong rental market, diverse economy, and a food scene you will enjoy... my 2 cents :-)

Any vacancy or negative fluctuation in the economy/market & you start losing money.