The second issue is the exploding levels of student debt and its effect on graduates ability to qualify for and afford a mortgage.

I say stay with the safe, because what if something crazy happens and the economy is exploding and the Fed decides to jump interest rates to 6 or even 7%, then you sir are SOL, or what if the bank just wants to do that because they can?

That part of the city has absolutely exploded in terms of desirability and prices.  2 years ago was about the last time to purchase down there for anything resembling a reasonable price.  

Instead he has taken our 2-5-7 Cash Flow For Life model and EXPLODED his investing strategy.At this point in the Chicago Suburbs he has already accumulated 13 cash flow properties each with a minimum of $ 400 per month in positive net cash flow. 

As a resident of that part of Charlotte, I can confirm it is really exploding right now.

I'll second what @Bryan Hancock said.The suburbs around Austin are exploding, try looking at Round Rock, Cedar Park, Leander, Buda, Kyle, Bastrop, etc. if you're wanting to cash flow better.In a few years, I see Austin becoming more of a DINK (Double Income No Kids) type city; with the exception of the bigger wealthy families coming from other parts of the country.

Clothier and Memphis invest exploded as there was a huge vacuum in the space..

I've been having problems with that in the Pittsburgh neighborhood, which is exploding right now.2 different appraisals.

Downtown Rogers is exploding!

My local market has exploded over the last 36 months, making it much more difficult for a first timer to enter the market.