Housing shortage - which in some part is driving the valuations higher in the order of millions of homes short of demand in the country.So, in short, the deck is really stacked against you at the moment.  

The hot-housing markets, according to Realtor.com, include Los Angeles and San Diego where median home prices top a million dollars and Grand Rapids, Mich.; Rochester, N.Y., and Springfield, Mass., where prices are much lower but still well above Toledo.The significant boost in pay won by United Auto Workers members at Stellantis and General Motors in Toledo and rippling out into the auto-manufacturing supply chain boosts buying power in the local economy and is surely behind the economic projections of real estate sales growth exceeding all but one of the top 10 markets.

Thanks a million!!

Hey Everyone,     I know this topic has been covered a million times over, but I want to hear peoples opinions for those who manage multiple properties.

I was going to go with "High net worth individuals (HNWIs) are those who have at least $1 million in easily convertible assets like cash, stocks, and bonds."

So the million dollar question, should you invest in this area?

Is that because new home builds and laxed ADU laws can't keep up with 10s of millions of unchecked immigrants?

According to the IRS Office of Chief Counsel, a foreclosure on a rental property does indeed constitute a fully taxable disposition, potentially releasing previously suspended rental losses for deduction.Consider a scenario where a landlord purchases a property for $1 million, financed entirely through a mortgage.

The typical path to a million in net worth is to go to college, save money (frugal with expenses), buy a house, and invest in tax deferred accounts. 

Q4 2022 was the best time to buy though, for example 3/1 in sunnyvale located next to google office listing for 999k, comp is 2Mil.Recently sold flipped in 95051 has gross profit of half million dollar just for 3/2 setup.Bay Area is the best market for everything for folks with strong business acumen, opportunity is everywhere.These homes are usually purchased long time ago and the current senior owner can't no longer maintain the house, the story is very similar from one to another.