Sometimes being creative requires using more than one technique in conjunction, so knowing about diverse techniques will help you be more creative.

The employer base is diverse and the population statistics are steady.

The point is...California is a diverse state.

Great and thorough replies, have very little to add except this - geographical diversity is also key.

Diversity is important, so in my particular case, I tend to aim for keeping app 70% of my portfolio in better areas/properties, to ensure a steady and reasonable flow of income, and get more "adventurous" with the other 30% (blue collar/industrial areas), which allows me to make bigger leaps and bounds when things go well, and doesn't hurt me too badly when those tougher tenants turn up (and they always do at some stage :)), since I've got a good base to cover those vacancies when they occur.

While Chinese institutional investors are still drawn to their traditional favorites of New York, Los Angeles and San Francisco, many are now also headed to cities such as Houston, Boston and Seattle as they seek geographic diversity as well as bigger lot sizes.

^ appreciate your POV, but to challenge your notions a bit.1- I think you're over empasizing the dominance of wall st. jobs; NYC is quite diverse economically; tech, medical, new media, many unique private businesses, etc.2- speaking at least for manhattan and parts of Brooklyn, they are major destinations and are in demand event in slow economy (yes growth is affected, but at least you don't see -40% drops in appreciation like you do in FL, AZ, etc.)

I like to think I am versatile when it is more so my preoccupation with having a diverse business experience.I want to contribute information that the members here are interested in.

My final thought, would be it is extremely difficult to invest in whole loans and not be diverse in your disposition.

I'm sure you will enjoy all of the diverse activity of this site.