As we face an uncertain geopolitical environment coupled with historically high inflation rates in the US, I wanted to take a moment to address our Member base about these unprecedented times.

The current market is not looking like 2008, inflation is rampant, interest rates are as low as they ever have been, and banks aren't giving out a jumbo loan to every person with a pulse; we may be due a correction or a plateau but really nobody knows when that's happening (even if they tell you they do). 

I believe that inflation will continue to help push appreciation, but outside of this, if it's the property you say it is; hold onto it.

Real property tends to appreciate as inflation, scarcity and luck result in value increase.

@Mike Olszewski makes no difference But most contractors that deal with insurance work inflate numbers because they can.

Even if you don't refinance in a couple years, your investment income will rise with the tide of inflation but the mortgage payment will stay the same!

In a high inflation environment, the best thing you can do is keep your property with cheap debt.

The rich generally get that way by using the levers available to them- hard/intelligent work, smart advisors, the decline in interest rates for half a generation inflating assets beyond all prior expectations, or, in DJT's case, having a rich daddy(what a lovely zygote.

(pay twice) Many builders under estimated the costs, especially with inflation.

Considering the property manager didn't provide you with any of the third party documentation, I'd say those numbers were definitely inflated.