Just like you don't see many wholesaling in Manhattan you don't see as much around here.

Can you make a safe assumption that in 30 years the Bay Area, Los Angeles, Manhattan, San Diego, etc. will all increase in value an appreciate?  

But I work in downtown Manhattan so it all has to make sense.

Now I'm in manhattan celebrating my gfs bday!

If you think of it, the Bay Area is not too different from Manhattan to Hong Kong or Singapore in that it is limited land, all fully built out.  

I have some really good friends who are buying everything they can in Manhattan Beach and Redondo Beach and others that are buying up San Diego if they can.

A 9% cap rate on a particular property might seem very high to an investor in midtown Manhattan, while the same rate could seem very low to someone in Upper Dry-Rot County.

I work in Manhattan so commuting is important.

I got locked out of my first solo rental after college once taking out the trash (total craphole in C/D hood in upper Manhattan nyc) and went across the hall to ask my neighbor if I could use their phone.

A 9% cap rate on a particular property might seem very high to an investor in midtown Manhattan, while the same rate could seem very low to someone in Upper Dry-Rot County.I don’t want to invent any new terminology (we have enough already) but perhaps a way to wrap your mind around this is to start by recognizing that the market cap rate is, as I said, the rate of return other investors are actually achieving for a given property type in this location.