A recent Z-Report from Zeldman predicts 2019 to pick up steam again.

I'll shoot you a message with my info as a phone call might be more appropriate but:1) VERY difficult to exit (as pointed out by Account Closed) due to extremely high inventory levels2) Very volatile and hard to predict market (highrise units historically saw bigger drops and gains in pricing)3) As you pointed out, HOAs are the biggest factor.

Analysts predict that a broad pullback on grocery spending could also mean lower sales in the future for more discretionary items such as clothes and cars.

It makes for a more uniform and predictable experience.

Solution there for the time being is to simply not broker loans to those particular banks, but at some point (no one can predict when) capacity will be reached industry wide and the game of musical chairs will be over.

As mentioned by @Adam P above, investing solely for appreciation is foolish because appreciation is never a sure thing and cannot be predicted as accurately as cash flow can. 

Nothing can predict when someone will become motivated ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Heck, YOU didn’t even know you or your kid would become motivated 15 minutes before you became motivated.

Does it predict prices to go up once the new properties are absorbed?

Nobody can accurately predict appreciation, particularly several years out. 

And predictable and consistent in the amount and timing of late payments (so at least it's a known.)