How about vacancy factor in Riverside.Seeing both Houston and Riverside have historically appreciated faster than inflation, you methodology would likely still work if they can handle a short term of negative cash flow. 

The sellers market is of course fueled by tight inventory (houses going on the market one day and 4-7 days after going off the market), low interest rates and also inflation by people taking advantage of snatching up homes/real estate that will significantly appreciate in an inflationary market. 

How many people do you know that will put money in a savings account, that doesn’t even keep up with inflation, simply because it’s what they have always done?

How can we solve the problem of inflated building material prices, majorly inflated land prices and labor shortages, to offer home ownership to those seeking it!?

I know Park Slope will give me a certain income per month, but if the fed increases inflation of the next year or two and there's a recession, how can you be sure a different neighborhood won't lose value?

Its not uncommon for sellers to inflate income and diminish expenses.

We know inflation is skyrocketing and RE has taken off, New York is a matter of time.

The Federal Reserve on Wednesday raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates.

At the rate inflation is going, it would make sense for rates to increase a bit but we shall see.

But in reality, the bank guarantees you will lose money at the inflation rate, and real estate will usually yield a solid return in the long run even with some mistakes.