@Brian Mendez although the local politics are concerning I don't see a massive devaluation of Seattle Real Estate as likely. 

The rent is flat typically for 15 years so each year that dollar DEVALUES from the years before.

I think that a lot of people don't understand how properties have just been devalued if you have a below-market rent

The slowing Chinese economy and devaluation of the renminbi, the slumping price of oil, jarring downturns in the global stock markets had all prompted questions over when will be the best time for the Fed to raise interest rates.In testimony before Congress on Nov. 4, Ms.

I bet the property they sold devalued by 30 to 40% while the one they bought in PDX went up at least 20% the last 8 years as its been full this whole time and rents have incrased by 20 to 30% since they bought it.

Prices started to soften this summer.If you're looking for "highly volatile," I suggest to look into locations that experienced drastic devaluations in 2008-2011, e.g.

Plus, in emerging markets like China where there currency is devaluing , people aren't staying in cash, they are buying precious metals (or US real estate).

The Germans went through so much emotional turmoil during hyperinflation that it set-up the psychology for Hitler and also for getting revenge on the Jewish Rothchild bankers who they perceived as the cause of their problems.England followed suit after Germany and devalued their currency and cheap exports being dumped forced the US and the rest of the world to put up Smoot-Harley tariffs.

Plus I still think the us gov will need to (eventually) devalue the dollar to make it easier to pay off all the debt.

like some say.. currency devaluation...