It's up to you as an investor to decide which it is.Price run-ups, even rapid ones, are not automatic indicators of a 'bubble' per se, though this definition seems to be trending over the last few years, rather a bubble is significant price appreciation without the fundamental substance to support it.

I bet you will not feel comfortable walking your dog alone at night along SE 44th and Sunnylane.

Hi, my name is Rick and mainly work in the Pasadena/Deer Park SE side Houston Area for now, and I'm trying to find an investor in that area as both a client and mentor. 

I'd like to add: I working with the largest wholesaling company in the SE region.

they can be a bit elusive,  kinda like bigfoot (i hear the still live down in SE oklahoma) there are a couple guys on here that are contractors that specialize in certain areas and are investors as well.  

I used to work in southern MD while still living in SE Pa.

Your net worth in the example above is simply 100k (A) - 50k (L) = 50k (SE).However, you very astutely noticed that this 50k would not be a very accurate figure if you were to try and liquidate your home position to cash.You can account for this by bucketing your assets and liabilities into Current Assets/Liabilities (Cash, Stock, Credit Card Debt, Current Portion of Mortgage/Car/Other Loan) and Long Term Assets/Liabilities.  

Distributions are not subject to the SE tax. 

Cosmetic work isn't expensive, per se.

That's to have a "Regional" section of the forum, broken up into NE, SE, SW, NW, MW sections, further broken down into states.