No need to ring the panic alarm and say housing is on the verge of collapse because of this metric. 

If all that fails just remember why the saying “death and taxes” rings true for so many of us.

A dripping faucet that takes a couple minutes to fix, a clogged sink that gets snaked in two minutes, or a toilet that runs that needs 30 seconds to install a new rubber ring on the flapper.

That's the equity in this real estate.Unlike a business that is producing some product or service and that has some ring-fencing against competitors, real estate really has little value beyond the asset itself.You and @Joel Block make valid points that your EXPERIENCE does have value.  

Cameras, “the Ring”, lights on timers, etc are all means to help secure your home.

But what if you want to stop prostitution, drug rings, and shootings?

They will be pushed to certain sections of the City.You will see some inner-ring suburbs Southfield, Oak Park, Redford basically get flooded.  

But lately my phone have definitely been ringing with people trying to sell their home.

Re-listed the rental at $50 higher with the fresh photos and phone started ringing off the hook.A picture is truly worth a thousand words.

@Lindsey Armatis-Rivera The outer areas (rings) of Phoenix such as San Tan Valley tend to offer more affordability.