In the Texas vs. SoCal debates, the fanboys and haters both tend to get it wrong. Over the long haul, the different headwinds and tailwinds balance out.

From this week's podcast:

On "The Rent Roll" podcast this week, I talked with Waterford co-founder John Drachman, aka "Dr. Doom," about the differences in investing in California vs Texas (he's a believer in both) and on workforce/attainable housing in particular. I think he's right on the emerging need/opportunity.