Rents were plummeting and interest rates were sky rocketing.  

Significantly more housing units must be added to better meet demand before the market eventually resolves the extreme supply-demand imbalance in a manner that potentially none of the stakeholders prefer.The US population increased through the recent recession, but housing starts plummeted and have been lagging ever since (see below). 

The parachute failed to open properly, and the instructor and I plummeted the last four hundred feet to the ground.

@Brian BurkeWell you could over distribute in the case of say you pay LP and GP each year and LP gets 11% for 4 years, and GP earns some decent money whatever it is, then the real estate market plummets, cash flows go to zilch or negative and they sell the property for a loss, and all of a sudden the LP has taken home a 3% IRR including the sale.

I dont want to get stuck in that pickle.I know no one can predict the market but i remember my dad lost half of his realestate portfolio when his houses plummeted in value.

But a down turn like we had in 2009 will require very DEEP pockets to survive as rents plummet and renters pull out of the market to move back into Mom and Dad's basement.Time will tell.

And as long as I'm purchasing this property with the long term in mind, I could care less if the market plummets in 2 years or 5 years, or 3 days.

What if there was a recession and home prices plummeted the money you were trying to save to build equity would not be available.

and, my knowledge is limited but if I can ever help you, please don't hesitate.ThomasWell, what would happen if they do away with the plumbing license is that plumbers prices will plummet.

Vacancies went through the roof and rents plummeted.