What might matter is the political situation, the currency's value and similar. 

So smart investors with dollars can make a huge gain on the currency fluctuations. 

War, interest rates, currency problems, an asteroid, who knows.

As for tapering, I see it as necessary to avoid higher inflation and further devaluation of our currency, but it will really shake things up, especially in housing.These two items don't include a generic correction like what you describe.

Advicorp Fidelity Limited is authorized to trade internationally, specializing in Forex CFD online trading on currencies, commodities, futures and indices and lots more.

(read up on when Greece had a currency problem)  You could refi and cash out but if everything goes down like you think it will, you will own the property and be upside down too.

Photocopying currency as a receipt matter is a violation of counterfeiting laws under Treasury regulations, only law enforcement and government agencies in special situations may photocopy currency.

Around the world, real estate opportunities are becoming increasingly popular with foreign investors looking for lower currency and higher yield.

My motivation is not to get a better ROI than US investments but rather generate euros long term to hedge against currency value changes and an eventual USD value drop.Also, I targeted units already rented for which rent is below rent control threshold.

Since, only 38% of government expenses are funded by income taxes and since, US citizens bear only 37% of the loss in value from newly printed dollars used to cover US revenue shortfall, only 14% of revenue shortfall is borne by US income taxpayers. (38% of US expenditures paid from income taxes x 37% of loss in the value of the dollar borne by US taxpayers = 14% of US revenue shortfall from failure to pay income tax is borne by US citizens.)The great advantage of the dollar being the world's reserve currency, is that it is mostly foreigners, not us, who bear the cost of constantly devaluing the US dollar. https://comparegoldandsilverprices.com/news/economics-101/dollar-devaluation-since-1913/Moreover, many authors have noted that the US does not need the income tax to fund the government at all. https://www.forbes.com/sites/briandomitrovic/2013/04/02/to-fund-the-federal-government-we-dont-need-federal-taxation/#573211bd51f3Indeed, for well over a hundred years the U.S. government ran just fine without an income tax.