Luckily my house didn't get burnt down last night...it is being built just a few streets over from the fires.

It's walking distance from a new stadium that is due to be built for a popular football team.

Real estate agent and Contractor What street in columbus? 

The NJ property is a 1936 duplex 2bd 1 bath 1200 sq ft, with public utilities, off street parking.

Based on my internal proprietary calculations;What I am seeing is right now the average SFH home price (USA) is about 35% above where it would be if only owner occupants owned them all (with very few rentals and no flips), (not including the high end trophy home market present in many areas).More popular SFH rental/flip areas will have higher percentages than less popular areas to average out to the 35%.So we have price heat (and volume) coming from people owning more than one SFH (speculation) (Tom Vu Seminars, and all the rest) in addition to the SFH market price set by worker demand for owner occupied housing.To me it looks like a financial shakeout the SFH speculators might (possibly) have more of an effect on the SFH pricing than a workforce issue. 

The NJ property is a 1936 duplex 2bd 1 bath 1200 sq ft, with public utilities, off street parking.

(Example: is there any justification in paying more than market value for a house if you own 4 of them on that street?)

When I'm looking to buy properties I basically just say, "I want to buy your property at XYZ main street.

For example if I target a specific neighborhood, I want to make sure I hit every street in the neighborhood.

downtown continues to expand in all directions and once you get severalblocks from downtown it varies street to street so i'd recommend driving each street when you visit.