The big 'one more thing' you have entirely forgotten is what happens to the projections when unemployment sharply rises and people simply cant pay the rent the big property prices paid require to remain solvent.
This reality makes house prices and rents plummet to meet the market as less rent is much better than no rent.
Never seen a more petrified landlord then when BHP closed down and all of a sudden the 11 full flats became 5 flats only occupied and the for lease sign did not change that for months.
By all means keep your head in the sand about this meanwhile.
