It shows some good signs for stable, sustainable growth in my opinion.

I'm an investor in the Kootenay Region of British Columbia, although that seems so formal, since it still feels like fun.

Each region/state has their hot carriers. 

Simple. 13% extra, as in this case, just won't cut it as a sustainable strategy. 

@Mark Allen does that cover the entire Westchester County region when you go to the next Meetup at REIA

You may want to also pull out statistics in project cancellation/project shutdown due among other things, State induced strict compliance to the letter, contractor's compliance and liability costs (biggest reason why significant California contractors are put out of business aside from tight competition), it's just next to impossible to earn contractor wages based on economic conditions (that being current prevailing economic depressed consumer wages cannot support re-construction costs or that wages to property modification ratios is not sustainable in long term basis), indicators, and indices (unit labor ratios, material integrity and application ratios, Local, State, and Federal (labor, occupational hazard, environmental) compliance costs, and certain and uncertain risk factors.

The current 2012-2015 Carr Defined Value Shelf is intriguing as it mirrors the region’s recovery from the 1989-1991 S&L Crisis, a two year property value correction followed by the 1991-1997 Carr New Haven Milford Metro Value Shelf in New England.

Apartments should be self sustaining, if you could not afford to hire everything out, stay away from it.

you have a few options.. in high priced west of cascades markets No cash means no luck and no business.now you could venture out to old logging and fishing towns in rural WA... and probably scare something up in the rental realm.. but those would be basically non appreciated assets and really why own them anyway... with no money your 100% leveraged in the rental realm and as such cash flow with be minimal.. so unless you can seriously scale I think its a complete waste of time and energy.If you want in the RE game and have no money best way to get in is to get licensed and go to work for a top producer getting paid to learn.. and learn in a manner that is sustainable.. this no money down stuff can work in some situations but its not a consistant or very productive in our markets here on the west coast.. too much cash competition.. that's the reality.

Some regions have norms, one way or another.