The less wealthy areas will have risk premiums consummate with the income of the area and consummate cap rates as well.

Vegas could nearly be cosidered a desert suburb of SoCal in a travel and cultural sense.

From my comfy armchair, I can see how today’s situation in Kiev - far enough removed from the war areas, and being the economic and cultural center - could be attractive to those who know their way around the local bureaucracy to not have to pay an “overhead” under the table at every turn.I can see how the deeply devalued Ukrainian currency can make the purchase potentially even more attractive.

One of my company's biggest equity partners is a wealthy family in California who has no interest in operating real estate but wants real estate in their portfolio.

. * ("Not that there's anything wrong with that").A quicker way to wealth is when you do "have means of making a short gain out of these" (if you needed to).

Many wealthy people have lost an incredible amount of money this way.In this particular deal, it's a $350k duplex.

I also interviewed the CEO of the Pittsburgh Cultural Trust(One of the largest RE holders in Pittsburgh) one on one.

Not sure how things are out there but I️ would only assume that if you restored it right in a historical fashion and marketed the property to a wealthy buyer who appreciates historic homes then possibly could have a massive deal.

I thought REI was only for wealthy individuals, but as I listened to the podcasts, read the UBG, and some of the blogs here, my former paradigm was shattered! 

It's pretty amazing how as you mentioned in an area like NYC or in L.A people have been able to become wealthy/millionaires off of just a single property.