@Minh Le,I am not arguing that California isn't the home to some of the most innovative companies in the world or that there are more millionaire and billionaire households living in California than any other states. 

Also look for population and household growth, another 2 drivers of rent.Look at www.irem.com for management companies in a market.Good LuckGino

@Max Householder, no way?

Are you filing single, head of household, married filing jointly, or married filing separately?

Same goes for chlorine, some supplies are highly chlorinated which eats rubber seals, but that can be fixed with a carbon filter.  

So if I'm renting a unit for $2,000/mo, I would require a minimum of $6,000/mo of combined household income before taxes in order to move forward with the application process.

Take that 500 billion and divide it equally between everyone that filed a federal tax form last year (usually around 100k but assume 150k since people had to file for the stimulus check).Now you're talking a chunk of change, $3,000,000+ per tax return/household.

(d) A lender may not exercise its option pursuant to a due-on-sale clause upon--, (1) the creation of a lien or other encumbrance subordinate to the lender's security instrument which does not relate to a transfer of rights of occupancy in the property; (2) the creation of a purchase money security interest for household appliances; (3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) the granting of a leasehold interest of three years or less not containing an option to purchase; (5) a transfer to a relative resulting from the death of a borrower; (6) a transfer where the spouse or children of the borrower become an owner of the property; (7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property; (8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or (9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

The guys often end up getting married only to find themselves ending up living their wife's best middle-class life, which often ends up little more than an elaborate charade of pictures posted to Facebook and Instagram that allow the wife to demonstrate to her mother and high school rivals that she made a good middle-class choice of a family provider and she is in the process of achieving middle-class household happiness.

They were never late on rent, keep a VERY clean household, and rarely call me with issues.