That’s true, at least not directly... but there are all sorts of indirect effects on the economy, no? 

Things in the economy get shaky? 

What I mean is.....the economy can be smoking hot on fire....and an individual property or neighborhood could go down in value during that time.

Both are good cash flow markets with good economies and population growth. 

They don’t seam very recession resistant as when the economy turns I would fear luxurious vacations would be the first industry to dip. 2.

Del Rio is a small town on the Mexico border whose primary source of economy is the nearby Air Force base.

The other was just the opposite and it came just as the economy was crashing in 08.

Not for every degree type but, the economy is the best its been in 50 years. 

Trillions of dollars have been printed and pumped into the economy.

The gist of the article is that our "asset-light" economy where more people than ever rent homes, lease cars, and use streaming services for entertainment has never been tested in a recession.