[bloomca]

For some people cost of owning – property tax, various services is not a big deal. Also, in some places property rises in prices just by itself (like in San Francisco), you just have to wait.

Sometimes people lose money, but at the end of the day they can sign a good deal on it (let's say couple of years), and it will compensate their losses extensively. But they will have this "ready immediately" sign all this time.