Owning 12 rental properties all fully occupied through out the year in Cairns Australia. 

It's pretty common and between people who are supposedly smarter than us, like in the world of private equity and venture capital :P Lots of peeps with MBAs snapping up companies, inflating their value and hoping to hoodwink the next investment group, maybe not stupid and simply duplicitous, but it happens a lot and I guess it's the same principle.I guess it's incredibly common in Australia.

Please look at this link below of a house that I bought in Australia.

I was originally from Sydney Australia and the median house price where I wanted to live was $3.5 million and the rental yield was super low yield on that high price. 

You are comparing maybe California to Australia.

., Canada, Australia, Canada and Mexico. 

The 13th Annual Demographia International Housing Affordability Survey covers 406 metropolitan housing markets (metropolitan areas) in nine countries (Australia, Canada, China, Ireland, Japan, New Zealand, Singapore, the United Kingdom and the United States) for the third quarter of 2016.

I went to Australia for a month and my roomies watched my dog for me.

I believe this took place in Australia.

In many cases this can be difficult (i.e. some of our buyers are in Australia), but we always keep an open door policy.