Here is my take...interest rates are low because there is still a lot of money floating around which means inflation.

A lot of people choose to delude themselves that it is a good place to park money that is safe and inflation protected.

Many times looking back I find those homes were worth more 10 or 20 years ago inflation adjusted.

I am anticipating only living in the Santa Clarita area for one more year (planning on moving to a market with much lower cost of living - i.e. arbitrage-ish killing on selling my appreciated Santa Clarita house in super inflated market and using that to start my first real estate investments in less inflated-more affordable market).

I'm in the middle of these tenants' lease term.Account Closed said about tenants' heads getting inflated.

Othed then inflation causing all prices to slowly go up, it wont be any more expensive to fix it later if/when it really needs it (as in the crack gets bigger, you get more cracks etc) than to fix it now. 

Most unlicensed brokers I have seen greatly inflate numbers to make the deal sound much better than it truthfully is. 

In most markets, it is temporary and prices fluctuate a bit above then a bit below inflation as builders over and under build to try to adjust supply to match demand.

. - I also think that the combination of cash flow, tax shelter, loan amortization, and general appreciation is a far better long-term hedge against inflation than the stock market, and is a viable retirement plan. 

They are liquid, you can set up an autopilot investment program and have historically kept up with inflation at minimum.