But there are many skeptical people that are describing these phenomena as ‘just another bubble’ and frankly speaking the previous period has taught us to be at least more cautious.Why do I still think that indeed it is the best time to buy?

We have seen a compression in cap rates almost across the board over the past decade due to this phenomena.

My thoughts are that this might take place from time to time from no class scumbags but I can't imagine that this all the sudden is some new phenomena where people can't afford rent and a landlord comes and says "I have a way for you to pay...

So is this a short term phenomena?

This is a new phenomena which the application of probability computations and statistics can take advantage of.

Single industry phenomena alway = boom/busts.

That was a once every 100 years type of phenomena and I doubt we will have that opportunity again. 

Growing up in Philadelphia I watched certain sections of "downtown" and adjacent blue-collar areas become gentrified, fashionable, and very expensive.It seems to me that this is a constantly occurring phenomena of revitalization.

From my experience, (by which I mean from the experience of my clients regarding success on scraped data) foreclosure data, regardless of the level of data mining  it has been subjected to, wont tell you which foreclosure sale date will experience an "everyone but YOU overslept" phenomena. 

In screening several small multi families I have run across a phenomena I can’t wrap my head around.