This doesn’t pertain to the market cycle, but I definitely see purchasing power decreasing as the rates are inching up.

The hundreds (thousands) of condos and apartments going in everywhere make me wonder if the values of condos will decrease and boom, all that equity is gone along with the admittedly nice rent.

I passed on it due to the fact that your buyer pool is definitely decreased by a great deal due to its location and it was not the kind of deal you just could not say no to.

The longer you hold it, the more you stand to gain assuming the rents don't decrease.

.$332,2450.7%Denver$453,9900.9% For some of the markets where median listing prices decreased or stagnated, such as Honolulu or Sarasota, Fla., this change appears to be indicative of stabilization after a long bull run in these local housing markets, Trulia noted.

And removing the wall between BR#3 and the living room decreases the resale value (we expect to sell in maybe 3-4 years), and if they leave, it decreases the re-rental value. 

Similarly it's hard to speculate on the chances and severity of a decrease in your market specifically (due to say a closure of the military base) without more info, but I suspect you have a good feel for those potential impacts and the rough likelihood yourself already.

But that goes for increase as well as decrease in value so it can be sobering as well.

Detached houses have already had a slight drop, and condos have decreased in sales, and prices will probably follow, or at least taper off.However, wanting to stay in the market is always a good idea, even if it's not in your local market.

And what about that cell phone you hold up to your face way too often everyday with its radiation output.Some things just aint worth worrying about, Besides the average life expectancy is increasing not decreasing and quality of life is supposedly better then ever.