There is also migration within this region.  

@Steve Olafson   if one was in the Bay Area during the 89 quake and the war.. we had a mini melt down in RE prices.. that was basically regionalized.. many don't remember or knew of it.But BAy area prices even on the peninsula  and SF dropped 50%... far worse crash than the 07 to 09 slow down the bay area experienced...

Fee schedules in Locator Agreements are regionally variable, sometimes calculated as a percentage of the 1st month's rent, sometimes a fixed fee.

Purchasing a single loan, therefore, is akin to entering a casino.

Different regions I guess.

There are 3 Asset managers in the Denver Region which is most of the Southwest US. 

Hi,  My name is AJ.I'm looking to network with investors in San Diego or southern CA area, I invest in the OH and Midwest regions, and possibly in CA.

"[5] Before the advent of the automobile, Detroit was a small, compact, regional manufacturing center.

The Puget Sound region is expensive and I did not think I could buy here and realize the returns that I wanted.

@Tony Dragoo   I think that is a regional question and a market question.. if you in a non appreciating market and I would describe that as a market that moves 1 to 3% a year if your lucky compared to say SF Bay Area.. then I would not worry about owning .. but if you west coast  upper east coast DC  and other areas were you can get priced out of entry level I would buy first.