In my experience, much of that concern was unwarranted.During that time, I was also working full-time and climbing the ladder we’re all taught to climb.Then, one day I made a decision. 

Even if Lake Michigan isn't likely to have any tsunami's anytime soon, I'd expect the regulatory costs of nuclear to climb rapidly as we keep hearing about radioactive everything in the Pacific. 

If I bring the price down to $150k, The return climbs to positive 1.06% return (annual! 

Looks like prices are continuing to climb...

Can you climb up with C class rental properties?  

And when I thought that rates would start to climb again I would have to pay 3k or whatnot to refi into a new fixed rate.

Rents are climbing which will help.

One of the better sayings from the stock market is that " the market climbs a wall of worry".  

A typical resident would see rents climb at a decent clip over a two year period as the apartment interior, exterior is renovated and improved property management increases desire and pride in staying.  

Takeaways: Rents are down in NYC and SF, but have still climbed in such cities as Sacramento, CA and Riverside, CA.