Posted by Mark (SDCA) on June 05, 2006 at 21:38:59:
Sadly, someone very well might. Not in this market maybe but 12-18 months ago certainly. For appreciation I suppose, certainly not cash flow.
I, for one, have never figured that out but it certainly does happen. If you look for apt complexes in San Diego, you are looking at cap rates (cap, not GRM) under 5. I don’t happen to be looking for those properties.