Rental rates (and BAH) have plummeted over the past 4-5 years. 

But at the same time, you got loans to pay back.Even safe mortgage notes could be a problem if home values plummet and the note ends up costing more than the property is worth.Here's one thing I pretty sure about this crazy *** situation...

I opened several 0% interest credit cards to do the renovation and piled on about 60k in cc debt and (because of my utilization rate) my credit scored plummeted to just above 600.

Hyperinflation sends the value of the currency plummeting in foreign exchange markets.

I also think [IF] there is a recession and SFH prices plummet by 60% or more that might be a rather permanent deep price reset (representing a lot of sorrow, and a lot of opportunity).So I see 3 possible scenarios [IF] the (USA) falls into a true recession, and I am assigning none of them a percentage of happening.At this point the possibility for all is 0% and at the same time 100%.

And we HAVE seen a lot of appreciation—but prices plummeted in 2008, so things have been appreciating from the bottom of a deep well, and some condo complexes still haven’t climbed back to pre-2008 levels.

I have always been fascinated by real-estate but stumbled into the life of a land lord when my condo plummeted in value and was not an option to sell when I needed to move further north.

When the market crashed they plummeted to as low as $20,000-55,000.

And real estate values would have plummeted because of the reduced population.  

I agree with Ryan,One major thing that hasn't been spoken much of is being "counter cyclical"...Remember right after 9/11 how the stock market began to plummet?