I've seen several crashes in my 35 years of doing this and I can say with certainly that the first people that lose money are those that are overleveraging.

At the height of the housing crash, PulteGroup had a cancellation rate of 44% in Q3 2007 PulteGroup’s cancellation rate this quarter was 12% (ResiClub).3-Nashville News - Shout out to Nashville! 

@Ryan Xiques this is some copy & paste info to help newer investors, hope you find it useful:)The Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.

@Trevon Burton many new investors are figuring out what investors BEFORE the Great Real Estate Crash were forced to understand - paying market price for real estate makes it difficult to cashflow.Old saying - You make your money when you buy a property.Which translates to, the future profit potential of a property is defined by the terms you purchase it with (price, financing, down payment, interest rate, etc.).I paid 10% below market for my first rental (a duplex) and thought it was a deal.- It turned out to be an okay purchase over time.Recently paid full asking price for another duplex, but got seller financing with a low interest rate, so the property cashflows.We'd need more info on YOUR purchase to give you any feedback.

-----------------------------------------------------The Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.

That’s right — while the internet was screaming about rent crashes, real landlords were quietly collecting higher checks.Now, this doesn’t mean every city or property saw the same thing.

I've been in this business for awhile and I have not experienced market conditions such as this one; that's including the crash of 08.  

@Christopher Rubio since you're new...The Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.

@Jesse PaxtonThe Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.

@Mohamed Omer pretty vague intro, but here's some info we hope you find useful:The Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.