And every person with a Mortgage in a descending scale starting with $600,000 of property value will have to buy Flood Insurance while their private insurance doubles and triples in price per year.

I’ve also been asking my property manager to increase the rents here at least something to keep up with inflation and property taxes, insurance that has tripled in past couple years but apparently it’s a big deal and a process. 

I have watched properties in the west and south triple in value in seven to ten years. 

Now, 10 years later, the property more than tripled in value, the rent more than doubled, and my tenants paid the loan down to $40K.

If those same people who purchased in 2001 had a decent loan product and if they hung on through 2008, their property's value would have double or tripled by now.

Take a hard look at any location you are considering and decide whether over the next 20 years the population will double or triple in size causing prices and rents to increase rapidly.SummaryReal estate is a long-term investment.

I grew up in MA so I know up there triple deckers are very common but even today I bet you won't see many being built.

All I know for fact is , pricing has doubled tripled or much more over the last 10 years.

I am excited however about buying a rental, holding it for +10 to +15 to +20 years and having it double or triple in value. 

I rented in Fells and it was triple my Baltimore County house