Real estate depreciation is a worrisome event especially if the property is indebted to an arm's length party.
As this page has noted many times before, technology is redefining cash flow so that even if there is no real estate price correction and we all agree to continue to value this commodity at present values, there is still the growing threat to cash flow if you depend on employment for it.
Bloomberg News (Sept 24, 2017) reports that:
Vikram Pandit, who ran Citigroup Inc. during the financial crisis, says technological advances could make 30 percent of banking jobs disappear in five years.
McKinsey & Co. partner Jared Moon predicts that technologies sweeping through investment banks will relieve rank-and-file employees of about a third of their current workload.
Management consultant Opimas LLC says about four of every five Wall Street firms have already implemented, or plan to use, some form of AI, according to Greenwich Associates.
Take a look at Bloomberg's interactive info graphic on the Future of Employment: How susceptible are jobs to computerization? and see the probability of your job being replaced with a machine algorithm.
If your job requires repetitive actions during the course of your workday, your job may no longer have an amortization value in the eyes of your employer nor will your mortgage robot rep want to sign that term renewal on your loan without an increase in equity.