In this unhinged pricing environment, since price you buy and sell a property is a bigger driver of total return than the day to day drudgery of property management, by being local one leaves lot of money on the table.Another result of 2008 crisis is many potential buyers with damaged credit.

@Tom C. it has definitely been a long time since sellers were in the drivers seat, but now that they are the highest and best is becoming very common again.

Carefully check out their identification, driver's licenses matches car registration, etc. 

After all I don't need to know how my car works to be an excellent driver, I just need to know enough to optimize its performance (that and a great mechanic). 

You don’t “accidentally” rent out all the bedrooms or forget to change your drivers license and mailing address.    . ps.

And the drivers to buy gold are bigger this time around.

Most of the time they didn't even have any type of drivers lic.

Personally I view credit alot like my drivers licence you can catch me speeding but I'm still going to contest it in court!

What, do you think they should be talking to cab drivers and janitors to find out more about the intricacies of the health care field instead?

The other primary driver of CA appreciation is the location/desireability.