Unless you have a crystal ball that tells you exactly what the appreciation will be..

I know I'm asking to look in a crystal ball, and am asking the question we all want to know.

@crystal The rule is that you have that criteria written, in advance, and applied uniformly across all tenants.  

If ONLY I had a crystal ball! 

Quote from @Crystal Smith: Quote from @Jonathan Sor: Hi Everyone,I'm currently looking at a 16 unit apartment in Stickney, IL and was wondering if anyone had any insight about the city.

This is in south hilltop, is that a place that will get decant tenants?

So obviously no one has a crystal ball and can predict the future of property values in the short term.

My crystal ball is in the shop right now , but back in the early 1980's I had an 11.5 rate and was happy because I was looking at 13 %

Nobody has a crystal ball.

But who knows--I haven't found a good crystal ball yet.The only reason I wouldn't refi in 12 months would be if rates really skyrocket, in which case I may keep the original mortgage and pull a HELOC for some equity and have only the HELOC at the higher interest rate.