@William Hochstapler I agree with most of what you said.I think a lot of people predict RE recessions, depressions or tops based on emotional feelings rather than facts.The predictors of the last crash had macro and micro predictors, beyond what most everyone has said here.

Depression and anxiety.

Further, as the murder capital and top foreclosure area from 2007, the values are as much artificially depressed now as values were artificially buoyed back at that time. 

My strategy would be to hold it until at least the market is no longer depressed.  

someone on here said tax benefits but the real tax benefits are in a ira or 401k as it isn't taxed til you retrie. w/ real estate (let's say rentals), you are taxed each year. you do get a depreciation expense so that helps a little. someone on here said control, that is very true.someone on here said the stock market goes down; real estate can go down too. and since the depression, stocks have average 10% return while real estate is 2-3%. quite a few say leverage and that totally can boost your returns to a crazy amount. but w/ a 401k or ira, you have no debt. also, you can leverage in the stock market thru margin. and, a lot more stress/aggrevation in rentals vs dumping it into a 401k each week. 

Maybe in Rural Oregon. were we have been in a depression state since the mid 80s with the demise of full scale timber production.

But my guess is also that most unoccupied properties are part time or vacation homes, though that may be different In a ghetto or with depressed housing stock.

When the market drops, he will sell all those and start buying depressed housing in Las Vegas. 

One could argue that the fed could just increase interest rates to slow inflation but that would be incredibly difficult because private and public sector debt would become more expensive creating a recession if not depression.

Well i really went into a deep depression until about three months ago when a few people gave me a push into this industry.