If you are of the super rich class you buy Manhattan condos for cash and sit on them just as a place to park money.

SONO is growing fast and very close to Manhattan so you may want to check out that area.

Manhattan single family) it's about 25%, and half of that is taxes.This is all based on my actual numbers over a lot of years.

I work in Manhattan and june/July I'm looking to house hack in the Westchester county area.

That doesn't mean the bubble will pop anytime soon, but if you are investing only because you are certain that future appreciation will cover your losses, that is a sign that there may eventually be a final sucker holding the bag when the whole bubble implodes.The only market where I've ever seen that kind of behavior work is New York City (Manhattan).

Hypothesis: repairs and maintenance in very high cost real estate environments like San Fransisco or Manhattan will be less as a proportion of rent compared to repair and maintenance costs in relatively low cost real estate markets like the Midwest.

Saw this article about the Pigeon Forge area currently having 17,000 rentals!https://www.wbir.com/article/travel/east-tennessee-airbnb-rentals/51-eb78e72d-ef87-45a5-90a8-089a9eeb32b0

I never look seriously at any property more than 90 days late on payments.First of all, someone will need to make up all the past payments and other fees, at that point there may not be any equity at all and you are out of your cash reserves.Second, the mortgage company (Servicer) may just be done with the loan, too many promises not kept by the home owner, there are more reasons that I go into further in my book and on my website and you can listen to a ton pf podcast by Pace Morby on YouTube. 

Im more concerned about Manhattan

We are seeing the same thing in the PF/Gatlinburg market.