In my opinion, Indianapolis has a much better combination of cash flow and economic/demographic trends, I would also put Kansas City on my radar.

Indianapolis is a strong cash flow market and has much better long term economic and demographic trends that Detroit in my opinion.

Or based on its actual rent, during that crisis.

Between the housing shortage and the current economic fears, how that goes will be anyone's guess.Deals pop up - some are good, some are not.

That building class will tend to be a little more resilient to economic downturn since people still need a place to live and you've got people "above" who can filter down to a more modest tier when they can't afford their class A condo anymore.

The 2008 housing crisis turned millions of homeowners into renters...and other people who wanted homes could not get loans...credit froze.Most BP members started investing during the last ten years. 

This basically means that the expected yield from a long term investment is now lower than the expected yield from a short term investment, which makes for a wonky economic environment as you might imagine.

The future demographic, economic and life style trends continue to favor these niches as well.   

I can't relate to the article at all and to compare this non event to the Mortgage Crisis if laughable.

Rates were higher in every previous downturn that I recall, back to the S&L crisis in the 80s.