my experience is from a few decades ago and that was working for a syndicator as a land and project acquisition Broker although I was in their office I was still independent ( which turned out to be a great thing)Their issues were many but here is the short list.1. invested in Texas in older buildings new construction popped up next to them and raided their tenants  vacancy sky rocket and they could no longer debt service.2.

We only had 1 shooting and 2 drug raids on my block last year at the same building that always gets in trouble.

Then the police raided and tore the place apart looking for drugs, and THEN it finally went to auction.  

Our company once had a problem where it felt like the State practically raided our office because they didn’t like the wording on a flyer.

Because of the recent uptick in crime, there has a been an increase in raids conducted by OPD, CHP, FBI, and ICE.

I didn't see this suggested yet, but for our place (somewhat close to yours), we raided the furniture outlets at the Asheville outlet mall. 

If you need to raid your 401 to invest in real estate, you should not be investing in real estate.

I think it will likely continue until there is one sweeping law or city ordinance, or the housing dept. finally decides to do one big raid.