While I lived there, the micro market collapsed because the country club went under and the HOA with it, causing home prices to plummet. 

Building prices went down dramatically, and rents went down some, but not as much as the building prices plummeted, especially in the more modest properties.

A small town MFG could leave town (China express factor) and your values could plummet even further.....BUT......your ROI will always be there - even if your rents went down as much as 20%.  

My wife was now preggers with our third boy, the tattooing economy plummeted in my town, and Obama Care had been enacted.

Louis Mills which once thrived as a one hundred and forty-two million dollar property; it plummeted to the market value of four point four million.

My thinking is, as house values plummet, more renters seek to buy and the value of rent goes down and/or less people available to rent thus reducing your cash flow and also inability to get out by selling without a loss.

Current homeowners could very well see their home’s value plummet and their equity evaporate if tax reform nullifies or eliminates the tax incentives they depend upon, while prospective homebuyers will see that dream pushed further out of reach.

Market will stay strong for a while and not plummet when correction happens.Expect a 500K house to be 540K next year and then 580K the year after that.  

Reits can be made up of various real estate portfolios like malls, golf courses, retail plazas, etc.They are negatively impacted by falling interest rates and most of their stock prices plummeted during the real estate bust and haven't recovered since the interest rates are still low and commercial businesses aren't doing as well as they used to.

I do not really want to see my scores start to plummet from hard pulls.