While wealth does not necessarily equate to intelligence, there is still a logical explanation for why CA real estate prices are high - all these people cannot simply be gambling, right?  

Why is it some attorneys believe the law is SO complicated only they have the intelligence to understand it? 

I still feel the opportunity cost is too high spending 4 years in a classroom not getting useful enough real world experience when you could start at the lowest possible level in a brokerage or construction company and in less than 4 years be able to flip a house, or manage a rental or much, much more.I always prefer hands on, real world experience over the class room but that's because it fits my intelligence, and my learning style.Great question!

It's not a proxy for intelligence. 

The market here is very hot and good homes move quickly but there is still room for people willing to act fast and intelligently. 

The management and dashboard are excellent but anyone else other than management has had the intelligence of a Neanderthal (and we're not talking Planet of the Apes here).I hope this helps,Jesse

These aren't powerful or overly intelligent people, they're people who have nothing better to do with their time than dictate to their neighbors. 

I am new but I am looking for someone who is not going to be a problem most of the time. ... college students, families, singles, etcHi Mark,It depends on your property class and location.Turnover is a big expense, so trying to limit that is intelligent.You want a renter(s) who you think will be long term renters and can pay the rent long term (and not damage the property).Many people use a mix of credit scores, criminal record information, employment history, and past landlord referrals to try to limit their risk in this area.It's also something that the US Government has a say in as far as what is considered housing discrimination, and it's intelligent to follow their guidelines as well.Just my 2 cents. 

The first book I ever read on investing was The Intelligent Investor (written by Warren Buffett's mentor) and there is very strong admonishment against IPO investing, if memory serves.

Any intelligent feed back is appreciated.