Houses in North Liberty did not really see much decline after the 2007/2008 crash. 

I am more interested in the a little more established neighborhoods (grant it that established is relative).Some of the more up-coming neighborhoods like Olde Town East and East Franklinton are really freaking me out because if the market crashes/stabilizes I have a serious fear that they wont make it based off their current and past make-up (high abandonment, schools, lack of established commerce).To be honest the market crashing or just leveling out in Columbus is my biggest fear.

All point to a correction in real estate, if not a crash.

Funny enough one of my good friends called the RE crash in 07-08 to the YEAR and everyone made fun of her but I listened and saved myself a lot of headache in buying my first single family home.

What a property sold for during pre-crash level, 2003 or 2007, is irrelevant.  

However, if you look at some of the areas (I know this is really granular) that boomed up during the fracking craze rents crashed when that industry left town because a huge amount of the workers were there on an assignment rather than permanently.  

I worked in the Gainesville coming Alpharetta and Roz well area for many years before the crash and into the crash of 2008.  

Hi all,I'm going to build a new condo apartment (8units) from crash (all utilities such water-hookup, electric, sewer are available). 

If you think the economy is going to crash or correct itself and you won't be able to cover high vacancy (I believe the vacancy rate during the recession was 15% in some places), then don't do this.

However, these are usually the areas that also crash First when the market weakens.