In my opinion, when a state imposes high taxes on its citizens, it deserves to have its property values plummet in order to maintain fiscal sense.

At the time we had almost 15,000 available homes for sale.The shortage of REO inventory and the increase in demand from hedge funds caused the inventory levels to plummet.

I would agree with the Chicago apologists on here that DuPage County's plummeting home values have something to do with millennialls leaving DuPage for Chicago. 

If they can not be purchased with FHA financing the price will instantly plummet.  

Values of properties will plummet.  

One thing to keep in mind, when the market did tank rents held mostly steady while the value of homes plummeted. 

But have an entire community of mostly section 8, watch your property values PLUMMET!!!

I would care for the property as if its my own and handle issues and repairs so the owner wouldn't even need to worry about needing a property manager.And then the advantage I would have is to acquire a property in a high-appreciating market with little money down, have the option to rent it out to a 3rd party (If agreed to by the owner) and if at worst case, the market for some reason plummets I can back out of the contract.

Values plummetted shortly because of a spike of almost 1% in interest rates. 

Sure my place could appreciate dramatically in the next few years, but could also plummet or just stay stagnant, so really want to shoot for higher cashflow.