As others have mentioned, the Smokies home values are proportionally dependent upon the revenue stream.

You don’t need to use a turnkey compact to buy a turnkey product!

Labor is basically double because it’s so compact & $60 for replacement spark plug wires that crumble in your hands.

But it is a very small geographical location, compacted into a few square miles compared to LA County hundreds of squared miles.

What really matters is the proportion of each supply and demand factor since each sub markets will have different proportions.

The letter from Cuomo to Trump scares me even more....US doesn't even have as many hospital beds as Italy or Korea (''proportionally")...not good!

So you have an unusually high proportion of 90-year-old high-quality brick-veneer SFR builds in areas that are currently D-class but used to be A/B class way back when, places that have decades of life left in them as long as you renovate thoroughly and keep up the maintenance.

Lower in the long run because they don’t rise proportional to the property values.  

Governments that force investors to jump through hoops in an effort to try to chase away investors and legislate their way to a higher proportion of owner-occupied housing are to be avoided.

@Craig DieterichTaxes increase proportionally with income made, There isn't a dollar you pay in taxes that didn't land more money in your wallet.