The business press never ceases to surprise me with how vapid they are. Forbes is claiming that San Francisco is one of the best markets to be a landlord. They have be joking. The cap rate on residential real estate in San Francisco is around 3% which is terrible. San Francisco has one of the worst rent to purchase price ratios in the nation.
Forbes reporters and their friends at Marcus & Millichap need some remedial finance. I admonish them to say "Assets are worth the cash flows they generate" ten times slowly as their penance.
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