@Alexander Monnin I've seen a lot of posts about this over the past and while I initally liked the numbers, I realized you are not comparing apples to apples.  401K is offered pre-tax, so you're paying less tax at the end of the year.  

Here's a few you may be familiar with: Steve Jobs (Apple), Steve Wozniak (Apple), Larry Ellison (Oracle), Michael Dell (Dell), Richard Branson (Virgin), Charles Culpeper (CocaCola), David Geffen (Geffen Records), David Oreck (Oreck), there's many more.I personally have a PhD in Business from Real Life U, a Masters in Real Estate from BiggerPockets, a MBA in Marketing from Bing Search, and a BS in General Studies from FaceBook...

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.

I also used business cards mounted on magnets, and told them to call when they needed to sell. 

@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.