@Kristi KandelThis needs more coverage to combat the stereotype that landlords are all greedy and need government regulation!

I'm 61, so my background goes back too far to be relevant, but I am formally educated, I owned a 7-Eleven franchise from 2006 to 2016, and since then I've been an active trader focused on trading options and managing my investment portfolio.

I will mention that this same relative owned a 2 bedroom Condo in Carol Gardens just a few blocks away from the Trader Joe's on Atlantic Ave and Court Street.They sold that Condo around 2009 and bought their home in Briarwood for approximately the same price (around $800k).HOWEVER, the Condo is probably worth around $1.3 Million or so and their Briarwood Home may not be worth more than $900k to $1 Million.The appreciation factor is much different.That being said, they moved mainly because they expanded their family (2 kids) and wanted a bigger place than a 2 Bedroom Condo.You can't put a price on having a great space for your family!

Often, it is wiser and more rewarding to be more patient and less greedy.

I sense a concern about moving forward with rentals and I’ll quote Warren Buffet who said when some become fearful , become greedy!  

Yes many deals turn out negative in today’s market but that is a reflection of greedy owners who are selling thinking their properties are worth millions and interest rates being too high.

This was drummed home to me when (for a short period of time) I was a starting commodities trader with UBS.

@Terry Lao I liken that chart to when the stock traders on CNN say buy this stock, after they have already bought a bunch of it and watch the buyer frenzy take over and make them money. 

In my trading days we used a term paralysis by analysis for those traders that looked at so much data they couldn't actually put a trade on.  

I'd had a great career trading for hedge funds and decided to teach retail traders.