For example, Moore's law or more accurately the phenomena it pertains to has been highly beneficial to the vast majority affected by it (them).

Being in San Francisco, where we have had some of the most outsized RE returns, coupled with rent control/tenant displacement and social and sharing economy tech firm's stronghold here, we are at the vanguard of this social phenomena.  

It just sucks that you are experiencing the phenomena on your first deal.

AI seems going to replace almost everything, now in SF you see two-three phenomena: an empty office building in front of  self-driving car next to homeless with feces everywhere.I think SF is really the forefront of what's going to happen in future, less humanity and more robotics replacing human for nothing , a weird place to be LOL a sad place truly

Like rules, generalizations often fail due to a phenomena called exceptions.

Real estate is very much a local phenomena.

Just because the R/E bubble showed people that the price-to-earnings ratio were out of whack in some areas, does not mean that the phenomena is universal.

Although it's not RE related, and I haven't heard it for years, I can probably still recite from memory the entire 17+ minutes of Arlo Guthrie's "Alice's Restaurant" massacree (with complete orchestration and five-part harmony, and stuff like that and other phenomena)...4.

Now in Idaho (Boise) we are not seeing this phenomena.  

@Unai La Salle, The use of the DST as a holding vehicle for an individual is a relatively new phenomena.