“At the same time rental rates were dropping, we had housing prices totally skyrocketing”. Credit Andrew Zacks, a “San Francisco lawyer who handles Ellis Act evictions and other land use cases” with that comment. A comment that points to a market driven by speculative froth rather than sound investing (i.e. banking on the appreciation of, rather than the income derived from, an asset).
Renters getting deja vu to bad old dot-com days [SFGate]