PRICE-TO-RENT RATIOS Which markets are ridiculously overvalued? In which markets should we expect rents to skyrocket, sales prices to dive or a combination of the two? According to CNN: San Fran, NYC, San Diego, Phoenix, LA and even Trash Vegas make the list.
http://money.cnn.com/2005/08/19/real_estate/investment_prop/cuckoo_condos3_0509/