If I can get an understanding of what you mean by Asset Price and what you mean by Valuation, that would help since I am equating them to be the same.It seems that you are saying that Asset Price is Equity since you mentioned $700k per apt in equity is $17 Million.If that's the case, then we are not talking Apples to Apples.To me, Asset Price = FMV.

Apple, Google, Xerox, Fuji film, and Meta are all coming into the area. 5k people a month move to the area which has created a housing shortage, rent spikes, major appreciation (not just due to inflation) and you can still find single family homes for sale on the MLS in good condition for ~250k+ Tenant-landlord laws are landlord-friendly and taxes are low.

@Jonathan Hulen then you also need to keep the comparison apples to apples.

I think with anything you have a certain amount of bad apples that make the rest of us landlords look bad.

I buy what I like or know, products I trust or use for example (Amazon, Starbucks, Apple).

Apple can't make money and will ditch the product.  

Yes, the fee comes out of the listing agent's commission, but the seller does not compensate the buyer agent, the listing agent does.So legally, if a seller agrees to pay their listing agent 5 apples, they owe the agent 5 apples whether another agent brings a buyer to the transaction or whether the buyer comes directly to the listing agent. 

If you have a droid phone or tablet, they are available on an app called Stitcher (I don't know about Apple products).

You have to shop around and compare apples to apples.

To the same degree the power company, water company, bank, Apple, Microsoft, Verizon, Amazon, insurance company, Lowes, the post office, IRS, and the possum that lives in the woods behind my house like me.