In regards to #3 I’ve heard that deportations are twice what they were with Obama. If this continues or accelerates it could definitely impact rents. During the last housing crisis rents were reasonable. what started the snowball last time was layoffs. If companies start laying off i.e. like Microsoft did and is doing then more companies may see this as a way to prop up stock prices which would grow the snowball. It’s all about jobs! Good jobs are good for the economy…