Fundamentals of low supply, low interests rates and high construction cost should limit the down side price movement in a recession.  

It's a chain that I don't like to see perpetuated.

Lot of people would be happier being broke than diabetic ...Make a movement around this concept and it becomes FIRE...start a successful financial show/training   around this concept and you get a Dave Ramsey show..write a successful blog around this and you get Mr Money Mustache. 

Demand: This is the hard one, because people need places to live so I think you'll see some movement down the value chain.

@Todd Powell it is abundantly clear to me that the various jurisdictions that implemented the eviction moratoriums fueled the fire of the "cancel rent" movement.

That and I plan to establish and lock down the systems I'm going to refine and use in perpetuity for other rental properties.

"This is the story that started the “be more with less” movement for me.

Barring a correction, expecting property values to keep going up 10% in perpetuity from this point is not reality.I have never had an issue getting loans on SFR to quad regardless of the cash flow so there seems to be many lenders who will do it.  

Consider choose FI podcast and look into FIRE movement.

But maybe I shouldn’t have said that and instead should just live in a perpetual state of self-loathing because the world is unfair.