Cali is a boom and bust place.We also are invested in the mid-west - and yes the cash flow is better.

Factoring in the multifamily construction boom over the last five years, the total inventory shortage stands at around 2.5 million housing units (NAR).Rate-based restrictions are causing buyers to wait on the sidelines.

Columbus, Ohio is a great market to buy real estate inI agree you can get cashflow and appreciation in Columbus and if you look at the population and job growth trends they are booming 

The pandemic alone didn't create this current residential real estate market boom. 

I went from looking at 60k properties to now owning a $250,000 booming  downtown completely remodeled triplex with no money down, that’s cash flowing and allowing me to live for free!!!!

Because residential foreclosures across the nation continue to decline amid a unique combination of a booming housing market and now a moratorium on foreclosures while the country struggles to overcome the crisis.

The friend's separated (and angry) wife finds out about the situation, and BOOM!

I tend to take the longer view and I think a lot of the metro areas are a bit overbuilt, and overbought, by out of town speculators, from the look of all the "for rent" signs I see in some areas.In the last 4 years I sold 3 Houston houses that had been built in the (high oil price) boom of the early '80s.

Booming economy?

Ian, some thinngs to consider: LA has a housing shortage, and we are in a multi-family building boom in part to address this problem.