Proponents for appreciation strategy?

[Rob Beardsley]

I believe many in the BP community, myself included, firmly stand by "cash flow as the king" while appreciation is looked down upon. I would like to potentially hear the counter argument to broaden my understanding. Who has strong arguments in favor of strategies weighing heavily on appreciation? 

[Jay Hinrichs]

@Rob Beardsley  look no further than were you live.

my first house was in Milpitas Ca I paid 79k for  second was in Palo Alto I paid 183k. for third house was in Silverado up at Napa ( recent bad fire just missed it) paid 420k for it.. and 2 homes in Portland Oregon one went up 400k in 5 years current house went up 600k in last 4 years ( although I built this one from scratch so 150 to 200k is forced appreciation.

Land I own in Rohnert park CA 4 acres I paid 27k for in 1993 ish on market for 3 million.. Tree farm in Oregon I paid 1.8 million for took 2 million in timber off of and sold for 2.7 million allin 10 years time..  so on and so forth. 

there are simply many ways to make money in real estate appreciation being one of the major drivers for wealth if you can't scale sufficiently with cash flow.  Or don't care to be a landlord.. but I know many in the landlording business that have gotten both.. most anyone who bought apartments 10 years ago have cash flow and appreciation..