I thought it would skyrocket in value due to the proximity to the racetrack.

From the time I bought the property the value has skyrocketed to almost half a million.

Last year was the year of property insurance rates skyrocketing.

Holy smores, cocoa prices have skyrocketed to a record high, mostly due to disruptive weather, and also higher freight costs.

Also, thoughts on potentially investing abroad first vs the tri-state area (where house prices have skyrocketed)?

I even hear when T-Swift was here last year, all the AIR BNB skyrocketed.

Tread carefully wherever you buy as there are unforeseen HOA management risks in addition to the special assessments for delayed maintenance and building insurance skyrocketing. 

I should have bought in Nevada or Arizona before the prices started skyrocketing.

I know people who have purchased properties for appreciation because some "big company was moving to town and the values were going to skyrocket" or based on some news their buddy told them, who subsequently lost everything when the company plans changed.There are many ways to skin a cat.  

Overall, the market in that range is cash flow preferential, as the appreciation of these properties has skyrocketed the past few years and has leveled off.