tg, I totally agree with you the investor who bough in 1996 is in a much better position than the one who bought in 2009. Although, like you said, both are still decent investments. I definitely don’t think MM is in the same league as TV in term of investment. I don’t think TV is in the same league as Fresno in term of investment either. I know people who have been buying some for about 6-12 months now. The price point was around 60-70k and the rents were around 850-1000. So, you’re right, there are much more lucrative areas out there. I just don’t think some are will ever be a good investment area. Considering even at the bottom of the last cycle, MM only got as low as ~130x. I’m sure more coastal (more desired) areas was even higher.
