Unless the entire community collapses, you'll always have housing value appreciation in A-class housing.

If you have no roof, the house will leak (CF), and without a house under the roof, the roof will collapse (RE). 

I've done what I can; now I wait to see how much a beating I take.What does keep me up at night is the potential for lower velocity of the USD w/ global recession, oil exporters testing other currencies etc.My shot in the dark prediction:  2024- high interest rates lead to equality issue, which lead to the Govt "good idea fairy" running rampage, which leads to next banking and housing collapse in 2028, in time for China taking over global currency in 2030. 

If it's never been replaced, you'll most likely have to address that because the line will collapse eventually. 

So when prices collapsed, people just walked away.

Not saying that's what is happening but I tend to find that people will always find something wrong with a property or with the idea of buying as long as they have not committed to it.If you trust your agent, if the numbers make sense to you and you can back it up with data, and the inspection didn't come back saying the entire building is about to collapse, you will be able to figure out the rest! 

You can have a septic company run a camera down the line to check for collapses, tree roots, etc., but the coverage is relatively inexpensive relative to the potential cost of the fix.

We bought a collapsed home, tore down, had an architect draw new plans and got approval from city, and executed the build with my contractor in about 9 months.

So right now I'm tentatively looking at that market to start to correct where you will see it somewhere in Q1 and Q2 of 2022.Now there are underpinnings of the market already collapsing and that's been discussed by several economists in the country.

Money supply at an all-time high, ballooning deficit, localized 40% year over year appreciation, rising unemployment and .25-.45% rent/price ratios point toward a market prone to burst.I personally see values in Austin plateauing here for the next 12 months and find it interesting that we only discuss real estate values in the context of explosions or collapses and ignore the most probable outcome- market neutrality.As long Austin continues to attract a well paid populous, there will be buyers to absorb inventory as it becomes available, protecting from any sort of pull back in values.