None, not a 1 EVER has connected the words "Minneapolis" and "Emerging market" since the late 80's and maybe very early 90's which was in connection to the 80's just more specific trailing opportunities in redevelopment from such. 

@Mike D'Arrigo  all the mid west is going to have the last laugh the next 100 years as much of the coastal areas are under water or burden with massive tax's to pay for levee systems.. that's more of a reality than the pending recession

Personally, SB 95 will likely help me build without worrying about parking issues.Finally, everyone is overlooking one thing: the City of Sacramento could not put its head in the sand and pretend that the rent control issue would go away.

My neighborhood for example, all the homes were built in the late 1970's and early 1980s. 

Note this is coastal San Diego and surrounds + SDGE utility policies:1.

Also, it is a fairly small sand box with limited housing stock.

Apartments were added in 80's, and have their individual air handling, ac units, etc.  

Andre Agassi, and maybe you don't know of him, was a dominant tennis player in the 90's and early 2000's.

Real estate investors have benefited greatly in many of the coastal markets on both sides of the U.S. largely because of rapid appreciation rates.  

A little about us, we are in our early 30's and own and occupy a SFR in So.