My rentals are in SF and Oakland, where there is strong rent control. I only invest for the benefit of my tenants.
My previous home was in Milpitas. I moved and sold it near the peak in 2006. It went down then came back up but I always thought it's not that much higher than where I sold until a week ago I saw an exact same house (with fewer updates) sold for over 1 million (about 40% higher than when I sold in 2006). I told wife and she was equally shocked.
The moral of the story is I really don't know much about the south bay market, otherwise I should've kept my previous house (I bought it at roughly half of the current price).