You seem to think that the long term supply and demand fundamentals have changed and it will continue to appreciate ... you are local so I concede that you may be seeing things that I as an outsider looking in am not.

We have a two-day on-line class on exactly that topic in our fundamental curriculum, "The Essentials".

But, ignoring your OWN fundamentals could be very risky!

Welcome to BP @Olivier Roux The fundamentals of investing should work in any area.

Part of the problem is people fundamentally do not understand percentages.

Hmm;  Just like a day trader on Wall Street, the REI REQUIRES that you understand:the market itselfrules of the engagementand fundamentally,  THE NUMBERS!

I learned that there is a fundamental disconnect between how the two groups viewed buildings. 

Reading is still fundamental.  

Although the specific interest(s) that underlie a criminal history policy or practice will no doubt vary from case to case, some landlords and property managers have asserted the protection of other residents and their property as the reason for such policies or practices. 23 Ensuringresident safety and protecting property are often considered to be among the fundamental responsibilities of a housing provider, and courts may consider such interests to be both substantial and legitimate, assuming they are the actual reasons for the policy or practice."

Am I wrong in assuming that this is fundamentally a better situation than borrowing and buying a house by yourself?