Different view from 体会第六篇
First of all, Thank you so much WQMM for sharing your succeed.
I get different conclusion from Bai cai and Bai yu from your examples.
If you invested in Pittsburg $1.1M, your return would be over $2M as well. The capital appreciation may be better than that of Palo Alto. And your rental return is much better. It seems to me a much safer investment. Even when you try to sell the assets, it is much easier to sell a $300K house instead of a $2M house in the down-turn. Could you elaborate on your thoughts?
My conclusion is one would achieve better result by investing in the deep depreciated assets.