All of those are rather strong areas with a lot of pent-up demand for rentals and a strong average household income to make higher-end properties pencil.

I am 59, and my household includes my wife and two adult children.

When I invest in bay area, where the median household incomes and average property values are so high, focus shifts from places meets my criterion than crime and quality of neighborhood.

The metrics to really gauge are median income per household, available in fill lots, debt levels, and the business life cycle.

You can transform a space that you merely use for storage into a cash-flowing rental to subsidize your mortgage, your bills and other household expenses.My journey to house hackingIn Spring 2022, my neighbor mentioned he had started renting out the Accessory Dwelling Unit (ADU) on his property on AirBNB.

And they have to be checked regularly for chlorine and pH level. 

@Max Householder Thanks for your reply!

Only herself will be living in the new residence and daughter in college probably spends summer and weekends in the residence so it is not a large household.  

Basic economics, increase demand without similar increase in supply will raise prices.There is a growing strong latent demand, people are delaying household formation or doubling up with other families right now.If rates stay the same, the growing latent demand will begin to force its way into the market as people capitulate and decide they simply have to have a place of their own.In areas with consistent population increases and current housing shortages, stable rates will lead to strong appreciation of existing housing values and increased median home prices.

We are required to maintain a household at home while traveling and on assignment.