Prices are much more affordable.

Some folks can afford and are ok with buying facilities that only provide 4-6% returns.

This multiplier is only going to get higher, making it harder to afford to purchase a home. 

In my area, most people that can afford a 4 bedroom rental house can afford to buy a house instead. 

Loooong story short, my HOA: Can't afford to make the repairAre getting bids to fix the roofHaven't fixed it or done anything about it yet (it's now March 11th)Will probably ask for a special assessment in the near future and/or raise our duesThey have no real timeline for the repair and "thank me for my patience." 

@James Perdomo it’s in Breinigsville PA in a nice suburb of allentown with a lot of demand for affordable rentals because it’s mostly owner occupied homes and relatively new construction apartments.

Real estate is a good hedge for economic slowdowns, you'll get someone who can't afford a house or got effected by the economy and has to rent again.

Don't count out the affordable housing market.

Keep in mind many of the good affordable contractors dont want to go to that part of town. 

The market is great for buyers just have to know where to want to be as far as amenities and affordability.