Talking to a investor who has more than 30 year experience

[Liz C.]

Hi all , I talked to a friend of my parents yesterday , who is long term investor . 35 years ago he sold property in big city and bought a ton of places on small city Midwest , chasing cash flow . But now he regret , he wish he kept his property in big city because appreciation is crazy while his small town investment , even after paying off mortgage and after 30 years foxes etc still didn’t value much compare to 30 years. I just release might be we should not chasing the cash flow so much and buying to small Mideast Midwest towns. Should keep all our investment on big city like NYC etc Any investor with long term experience has any info to share?