So, it was a supply and demand type issue for them.

Frankly, I don't care if the weed is smoked.

I like the the annual inspection, too; we always do smoke/carbon monoxide detector tests in the units twice a year so we could expand on that.

Of note, interest rates are an influencer rather than a driver (eg interest rates in the us were low at the time of the crash).Their are a lot of purpose built student housing units being built in Waterloo so there could be an over supply issue with student housing there.Edwin Szeto interviewed Tom Karadza on his podcast recently and he spoke about starter homes being less vulnerable to slumps because there is still demand for them and they go down in value less...thought that was an interesting observation.

Does a 3/4 inch supply line even have the capacity to push 5.5 gallons of water per minute through it?

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That being said, I don't necessarily see much evidence of a large increase of supply hitting the market any time soon.I will comment on the fear of buying at the "wrong time". 

Kind of like 40B- would I need to add sprinklers, fire control panel and hard wired smokes for said property?

Could it be that the supply and demand fundamentals are stronger in CA because more people want to live here then there are properties to house them?

One of the things the Worker's comp judge looks at to determine if they were an employee or an independent contractor is who supply's the tools.