Go too far beyond the Perimeter and house values and market rents really plummet.

The good news is that the fatality rate is plummeting. 

I bet your return on your equity has plummeted with the force appreciation. 

I live in a small town entirely dependant on oil, and RE prices have plummeted for everyone since 2014.

During 2008 valuations plummeted but your loan terms were set.  

But all too often you see where a company's stock plummets due to mismanagement.  

Reserves do not exist to MAKE you money; rather, they exist to cover emergencies and keep you from having to sell an asset or borrow money at the worst possible times.C-19 caused the stock market to plummet about 30% back in March . 

Can you sit on the house for 2-3 years before refinancing if the economy does collapse and prices plummet? 

The BBVA stock is plummeting, so shorting it is a good bet.That's why in a foreign country with a weak currency it is best to invest in properties that can be rented in USD or euros.

But David, you bring up a good point about the appreciation spike occurring and while I am focusing on cash flow, appreciation is a very important thing especially if it can plummet in a short amount of time.