Right now if my kids inherit my rental property it will be reassessed to market value and their property tax will skyrocket - it takes a while, maybe a year or so after the death of the parent for all that paperwork to go through the county assessor's office.

Good luck  10% sounds like a good return We used to get 3 x that, but pricing has sky rocketed , Good luck 

These investments are bound to skyrocket sooner or later [trust me it is sooner than later in most cases].

Put this into perspective, back in Dec23 when rates dipped mortgage apps skyrocketed. 2 of my 3 lenders said they had more apps in Dec23 than Apr23-Nov23 combined.

This indicates strong investor confidence in the condo and townhome sectors.Median Sale Price: Prices climbed to $444,000, reflecting a 7.0% increase.Dollar Volume: The dollar volume skyrocketed by 27.5% to over $1 billion, showing significant investment and buyer interest.List Price Success: Sellers received 95% of their original asking prices, a slight dip from last year but still strong.Speed of Sales: The market saw a longer median time to contract at 46 days (a 24.3% increase) and a median time to sales at 85 days (a 13.3% increase).

Here, the insurance has skyrocketed due to hurricanes, taxes are up, and the property values have increased faster than rents.

Rent prices aren't skyrocketing like '21-22, but there's limited vacancy, solid prices.

Between the Gatlinburg fires, cheap property tax, and the increased popularity of vacation rentals, the values are skyrocketing and is certainly a sellers market.

(Of course, prices have skyrocketed since the last time rates were 7%...)The problem with "...am questioning if I should buy now or continue to save in hopes that mortgage rates drop in a couple of months. ..." is that rates might not go down for YEARS - if at all.Inflation keeps coming in hot.

They skyrocketed post 2020.