I do believe the stock market is very volatile, but until there is no demand for housing or unless banks change their policy, I do not see a major bubble in real estate.

Look how volatile real estate prices are in some states versus others.

The other half is a dispensary which  has been there for a year and may be the most volatile for the short term but they have a pending approval from the State, those two are in a building that was built in 1949.

While the S&P 500 may average 9-10% before inflation over the long haul, it will be extremely volatile, and I want to avoid having to withdraw as much during market downturns.

That under employment idea will subject the borrower to volatile employment choices.  

The income is a lot more stable, predictable and reliable, while the stock market is extremely volatile and unpredictable.

That is unheard of in Seattle and home prices are much more volatile in Seattle.

The VIX is the volatility index, and is a barometer of complacency.

If you look at each area, you'll see how volatile the SFR's prices are in these fringe markets. 

Massive increase in volatility since going off the gold standard in 1971.