Lots of wealthy foreigners have speculatively driven NY real estate prices unnaturally high because they want to own a "piece of America"...investing in places like NY is more of a big game hunt for status rather than actually investing to generate passive income...And investing in houses is a fools game in general.

My career path is decent, but it won't make me wealthy.

Years and years ago, The only problem is that ive always been doing it for some one else making some one else wealthy while i go scraping the bucket for the left over scraps on the bottom and to be quite honest im just fed up with it .....

However none of them will appreciate as fast as Auckland or Hamilton IMHO.I invest in Auckland negatively geared because real wealth is created through appreciation not cashflow.

History will be on your side, as long as you are wealthy enough not to care about cash flow or the sharp declines in value that might happen (only to recover) during the time period you hold your asset.

Or your a known very wealthy person.proper insurance is what you should have if you get sued hand it to the insurance carrier.. but make sure your landlording in a way that is not considered slumlording IE not fixing things

I'm curious to hear people's thoughts on an arrangement for some potential partnerships.I have a number of personal friends who are independently wealthy and who have expressed interest in working together.

Then at the bottom you have the video on becoming wealthy. 

The biggest detriment on building wealth is paying taxes.

Plus it is a wealthy state.