Major Metro City Buy/Hold Investing???

[Ryan Rogers]

Hey all!  Hopefully everyone is well!

Just curious to those out there who are investing for long term holds in extremely high priced cities like Boston, San Fran, New York, etc..

Seems like the numbers are so hard to cash flow,  with the high sale prices with exponential demand driving up purchase prices.

It seems like trying to get property under intrinsic value seems extremely difficult.  (Possible but...) The 2% or even 1% Rule/Evaluation doesn't come into play at all.  I'm seeing approximately .5% in Downtown Boston.  Granted the appreciate seems to be very respectable long term.

Do you investors with experience just avoid downtown major cities?   I'm sure someone is succeeding in this atmosphere.  Hoping you'd be will to share some insight to how you operate in (what seems to me) a tough long term hold market segment. 

Thanks as always for your input!  What a great community we have here at BP!

-Ryan