Michelle,In the NYC market, i think our best search resource is Streeteasy, it's the most up to date and provides the most accurate historical sales data. 

Pricing comes back down to be more in line with historical numbers and those who bought past 3 years lose4th could be priced stay stagnant but still salaries won’t catch upSo someone is gonna lose just a matter of who.

Or do you think in 2 years my $200,000 down payment would've just been better in the stock market earning a historical average of 10% (With dividends reinvested, not adjusted for inflation).

Purchase price: $220,000 Cash invested: $8,000Located in downtown Woodstock IL, this 2700 sqft 2-story historic home features craftsman woodwork, built-ins, and hardwood floors, with modern finishes. 5 bed 3 bath property with a huge yard, fire pit, and full unfinished basement partitioned and accessible to both side-by-side units.

Tons of history in the historic building, was upgraded in 1990s. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

(or lack of)Historically, Good Paying  Jobs have been few and far between in this area.

Several times we hired a professor/soil scientist who taught most of the soil scientist in the state.The township/SEO (Sewage Enforcement Officer) has historic records and can tell you if a specific lot is:A. passed septic testB. failed septic testC. never testedI used to be a licensed SEO and took all the state courses to do perk tests, so am very familiar with the process.In Bigger Pockets Podcast #82 we only slightly touched on land subdivision, development and vacant lots.

It is the very nature and design of the Fed to be solely reactive, as they are data based in decisions, only way to have data is historically.

In fact, although Furnished Finders has historically catered to travel nurses, searches by non-medical professionals now exceeds that of medical professionals, so the market is really changing.