Where do you invest? (San Francisco is insane)

[Alice K.]

Hello All,

I've been involved in 2 out-of-state offers so far and feel like I've hit a wall in the areas I was planning to purchase a home/multi-family in. 

My primary question: Where would you / do you invest? 

Past experience

Eastern Washington: Little/no appreciation and meager cap-rates for anything decent (I know there are other factors but for simplicity, cash-flow is only so-so). Last offer took some wind out of me (thankfully, nothing bad *knock on wood) and I realized I have the entire world to look for property. 

Seattle: Rising far too fast, not sure if it's sustainable. I don't want to put all my eggs in one basket (heavy reliance on tech alone). Who knows if that will burst with San Francisco (where I live). On top of that, rents don't justify the high costs. (I haven't aggressively looked for "deals" but from what I've seen for the average joe that doesn't plan to spend 10k on postcards, such as myself.)

I was looking at job growth/diversity, running numbers, looking at charts, patterns, etc. and thought, heck I should ask people on here.

Would be so appreciative for any thoughts!

Cheers,

Alice