If you want to see what will happen to prices over the net decade, look over to Japan who had the same banking bust 20 years ago. Most Housing is still valued at less in nominal terms than it did in 1990 over there. They have had record low rates now for 20 years.
Yes, there is money to be made from rental, but unfortunately the boomer generation killed the goose that laid the golden egg through excessive greed and voting in those politicians who chose to support policies and regulation that saw a trebling of prices in under 10 years.
And look at the mess that has now gotten us in!