IE don't want to invest in a city that is dying.. but its still bottom line your talking about a rental.. and unless rents rise significantly  ( which they don't in any mid west market) or values rise significantly ( which they will in some of these hot little pockets of redevelopment in even most of the big cities of the US.. that's whats important those macro numbers of house holds and cost of living that's all just white noise.. people live there they are going to rent for what they rent for and that's about it..the most money is made on areas that are transforming..

It is also very common for investors to inflate their returns to make themselves feel better about their investment.

It seems as if home prices are inflated due to short term low supply.

As another poster stated, we too have low inventory and prices are still rising.

If we try and paraphrase some of the concepts that go into this analysis we can look to an idea of whether the Buyer of the partial rises and falls in profit in line with that of the Seller of the partial and if the Buyer of the partial holds the secured interests granted by the mortgage or deed of trust or if in fact the Buyer holds an interest secured by the security, meaning not holding the actual security instrument but rather has a [fractional] interest in the security instrument.

A simple example is below.Destination (Frame what you want): I want to have $20,000 a month (adjust for inflation) in passive income per month to replace my income when I retire at 62.

http://www.washingtoncitypaper.com/articles/48112/at-what-price-amidst-pristine-high-rises-and-condemned-buildings/

Those older house depressed areas are generally the last to rise in the cycle and the first to fall in value.

Admittedly, inflation is partially responsible for this, but as the decades go by, everything does trend upward.

@Leslie Senior Early to bed, early to rise, work like hell, and advertise!