I'm not trying to talk you out of this but I would point out two things, the real estate industry is fundamentally flawed and runs mainly on myths and misconceptions within the ranks of the agents/brokers.Yet it is lucrative if you are skilled or skillfully guided but is a good place to get used if you don't have some reliable info.The bulk of the people in it allows themselves to be lead by those above them and the leadership is entirely wrongheaded about things.Have you noticed how bad things are?

(again based on local laws).Am I missing any fundamental issue that might throw a wrench in my logic?

Fundamentals are still strong, but bond yields are rising... profits haven't been taken for what, 15 months?

Danny Randazzo All good, fundamental points.

I question the value because the area hasn’t changed fundamentally.

speculation drove the market  fundamentals brought it back to earth.ERGO you see all the folks on BP spout the same thing..  

Analyzing the fundamentals of the real estate market reveal a significant shortage to current demand. 

The last few years have been crazy and it seems a lot of the "fundamentals" have gone by the way side. 

All my Tech Engineers should be able to 2nd that GIGO (Garbage In - Garbage Out); it's a fundamental knowledge point of computer programing that to get good results one must start with good inputs.

The resource provides a good overview of financial literacy fundamentals and sound real estate assessment.