Right now it looks pretty inflated.

I keep hearing the feds cannot raise interest rates for fear of busting the economy but as an architect I can see the current inflation needs to be curtailed. 

Of course, they were all NOT in the benefit of the potential investor (wrong number of bedrooms/bathrooms, no comps available in that area but made up a property value that was inflated by $26K, and so on....).  

I chose that option, due to my worry about the inflated values of San Diego Single family, befor we have another correction and they start to ease up Dodd Frank and they start to give loans to morons again.Swanny

But in all likelihood, it will be higher in a couple years outside of a World War or inflation staying out of control.

If you use the mortgage or rental tools, for example, you'll need to consider timely data like interest rates, days on market, inflation-adjusted repair or cap expenses.

And you need to make sure the tenants are actually paying and verify those numbers and that monthly income because it could be inflated for the purposes of the sale. 

When you look at all the additional tax advantages and the inevitable inflation of rental prices, you can't go wrong with real estate. 

But I think that's all behind us now and in the long run the city will continue to hold itself together and grow.3) Inflation and equity paydown - don't think of cashflow alone.

It's impossible to predict the future but I would say its safe to say rates will remain elevated as inflation proves to be very persistent in getting to the feds goal of 2% range.