Can you think of an increased expenditure that has caused a significant RE price decline in Coastal So Cal?

Seller ended up declining, we canceled the contract.

Last week, the National Association of Realtors reported that seasonally adjusted existing-home sales declined for the fourth consecutive month in July, a drop of 0.7%.

I have the feeling real estate is going to be less lucrative over the next few years because of a declining market, so I don't want to speculate too much. 

A WPD executive declined to comment and a Pangea executive did not return a phone call or email.Duff, the receiver, filed a motion last month asking a judge to approve the sales.

Here are some statistics to consider:Baltimore lost population last year as more than 5,300 people left the city, continuing a downward trend with a decline of about 6,000 people from 2015 to 2016. 

Sure, I can buy and hold... but what if the RE market or the economy starts to decline significantly...takes a downturn.....and there is no option for an exit strategy because I purchased around the all time high... 

Lets say you are doing a BRRRR strategy, as things decline and you are waiting for seasoning you may not be able to refi once that has occurred.  

-I moved back into this house because it was cheap to live in (1,100 a month, 3.25% interest rate, FHA loan) after living in a house that was 3K a month and selling it just in time before prices started to decline recently.

If they decline or do not do it, either serve notice to end their lease, or modify your lease with specific language to address these things in the future.