Until these reserves make their way in to the economy, we're not going to see the hyper inflation that led to the 2008 crash.

However, I agree with you that real estate will be fine from a longer term prospective as I believe that Inflation will eventually win over the short term deflation.I also agree with your investment philosophy to buy the best asset class you can afford and appreciation is where true wealth is built.

These cities boast a low average cost of home ownership that is expected to rise with job and population growth.

@Jonathan Pliszka so far we have a couple individual units in a high-rise building in East Lakeview.

I used to design high-rise structures in New York City as a Structural Engineer and currently I work as Sales Engineer in the construction industry.I have purchased an investment unit in Chicago which I also manage.  

So I walked down to the Council President's office and they gave me a hard time saying the home prices were rising too quickly for the people who live there now to afford to buy new homes and stay in the area.

As asset class cycles happen lenders get hot on certain types of property and then cool off to it once it seems overheated.That's when newer lenders jump in with great terms on inflated properties.

So long as each "day" you progress a little bit more, you'll do well -- "Rise like a palm tree and you shall fall like a coconut" (Caribbean proverb)best of luck!!!

If we're buying a single family home that is not undervalued or a foreclosure in a growing area where home prices are expected to rise, shouldn't we reasonably assume that its value will go up.. as we expect to happen with our own home?

my biggest concern is conducting this in a possibly inflated market.