@Michael Noto: Great observation that "Good PMs manage properties in good areas ...good PMs do not deal with bad areas for the most part.

Again, same thing here... just vague personal observations unbacked by any credible verifiable fact.

Thanks for that observation.

Reading posts from all of you succcessful people in this thread reaffirms some my philosophy on the subject matter.There are many sides to wealth that I’ve observed:- Health- Community- Mobility- Climate- SpaceSome notes on my observations.A healthy body is form of wealth in time - A person with only 6 days to live wouldn’t be able to do much.Having a community is a store of relational wealth - We all need love and support and to feel needed by others.Mobility is a form of experiential wealth - If I am not stuck in a particular location, I’m free to pursue my passions and my tribe.Climate is a form of operational wealth - I’m more efficient and productive if the weather is optimal for me to carry out my daily tasks.Space as a form of wealth in 3D resources - A city dweller has to compete in resources much more than a ranch owner.

A few observations.1.

I lurked and read periodically for a long time both before and after I entered the game and gained a lot of knowledge and insight just from being a silent observer, much of which was really helpful. 

@Chris Mason I don't have stats to back up my opinion, but my local observation is that houses are sitting on the market longer and we are seeing price drops.

I even went as far as to write a book on what I've observed over the years and researched about lottery winners in 2015. 

The streets and buildings do seem to have an effect on the cities, just based on my own observations.

A few quick observations:1- I sense that a lot of nice-guy landlords with way below market rents just got a major adrenaline injection, and are goona be quickly serving 60 day termination letters to those month to month tenants...so not sure exactly how that will help to stabilize homelessness.