@Alex Kim is referring to a recent phenomena that is becoming especially prevalent in the Bay area where several investor get together and share ownership in an expensive asset as tenants in common. 

Currently they very much like the AirBnB phenomena, as many city's, like mine, get a lot of extra tax revenue from it while providing no extra services. 

The race to the bottom on hard money rates has been a very interesting phenomena over the past several years. 

But now, especially with young people, it’s back to business as usual, and dealing with turnover is better now. 3- I think the WFH phenomena is way over hyped and a giant balljack!

Tebow may be a fine upstanding young man, but the media attention has created a circus atmosphere around his name.This whole Tebow phenomena is utter nonsense.Just goes to show the mentality of media today.

This would ensure you a safe haven in a downturn.As an aside, the book Debtor Nation: The History of America in Red Ink, Louis Hyman, Ph.D. ’07,  give a fascinating history of the recent phenomena of debt as a right and norm of the american people.  

Phenomena such as gentrification can allow for this long-term "outpace" trend - because tenants aren't paying more of their income - it's a different tenant with more income, who moved from an even more expensive place!

Qualified Intermediaries are a relatively recent phenomena (mid 80s ish when the tremors of the starker case finally worked through the system) brought about by the regulations changes after Starker v commissioner.  

(I know, we have the same phenomena in San Francisco.)I'm confused about your numbers though.

Our future generation is not only ill-prepared but plain stupid because they are caught up in self-indulgent "look at me I'm at Starbucks right now" phenomena of FaceBook, Twitter and the like.