It is my view it has the exact opposite correlation that most people think. 

I have been working with many people who are just trying to get started with real estate investing.

The people who sell them! 

You will find that people are successful in every market you mentioned but depending on your cash position, a successful rental in one location or the other might not be as ideal for you. 

I think when you start you need to make sure you work with people who are reliable.

People in 1979 were angry that prices tripled in half a decade.

You’ll find plenty of friendly, knowledgeable people willing to respond to your posts.

But I find that most people want to invest in areas that are solid and that don't have bad tenant quality.

I know several people from California who have been purchasing a couple of duplexes in the Midwest each year.

I think people can definitely get rich quick.