No chance spending will decrease meaningfully in this economic environment.So 2012, +-5% from where we are now waiting for the jobs to begin to show up.Major event, then lower.

With the decreasing number of people in that group, the demand for stocks will decrease and prices will plummet.How will all of this affect the long term appreciation in California?

Bulk decreases, that makes sense.

You are counting on no rent decreases, value decreases or vacancy increases or increasing operating expenses .

Usually by the 120 day mark with the price decreases HUD has it off the books.

Brecksville: Violent crime reports went from four in 2012 to one in 2013, and property crime decreased from 84 to 64.9.

@Marc, I'm curious why you think the rents would not decrease if the plants closed.

After 2-3 months decrease your frequency to once every 2 or 3 months.

Especially in smaller population areas, where a major business decreases it's footprint.There is some room for the individual investor, mostly in the more generic type structures in major metropolitan areas, with good access to highways.  

Ultimately a flood of for sale condos would drastically decrease the for rent units, driving rents further, if we are buying for cash flow it doesn't matter much what the value of the property is so long as money comes out the front door.