I wonder if maybe it's a cultural difference? 

You can become very wealthy if you know what your are doing --- remember you will be swimming with the sharks at a foreclosure auction. 

Let's explore the influential role Millennials play in the housing market and how their preferences are shaping the future of housing.Preference for Urban Living: Unlike previous generations that favored suburban or rural lifestyles, many Millennials are drawn to urban areas with vibrant cultural scenes, diverse dining options, and convenient access to amenities.

Sure, some wealth is created by saving taxes... but building wealth is priority #1.

This city hosts a vibrant, diverse community with a strong emphasis on family-friendly activities, educational opportunities, and cultural events that enrich its residents' lives.

Why I Believe Striving to Build Passive Income is OverratedThis may seem like a disingenuous statement coming from a passive income guy, BUT, I believe that those looking to build sustainable look term wealth would be better off to downplay passive income.Passive income has a role, a large role, but one best utilized when a certain level of wealth has been achieved, and the holder of said wealth is looking to preserve capital and live off the income generated by passive investments.I hear many relatively new real estate investors say that their goal is to acquire enough real property to replace their earned (W-2 or 1099 or Sch C) income with the income be generated by their investments.  

Safe smaller city, Craft Beer culture, great job market, and rents are high in relation to prices.

Now if you don't like long-term data, let's use last 20 yrs only, from JPMorgan Wealth Management Teams in house data, which covers a boom a bust and a boom and a pan-demic, typical for a US 20yr span. which gives us 9.5% nominal (REITS beat SP500 by the way), but the key number is the orange bar, 3.6%, That is what the average wealthy college educated client of theirs dose, hundreds of thousands of clients.

And it's worked for generations and the wealthy for a very long time because mutual insurance companies understand the human lifecycle quite well (law of large numbers), they're well regulated, make safe and sound investments and in several cases have paid out dividends consecutively for over 150 years (Mass Mutual, Lafayette Life, etc).

You really have no control over the guests... sometimes it's just cultural belief, there's one condo in Hilo that was on the market for a year and the deficiency in that apartment was the owner committing suicide.