I work with OOS investors from similar west coast inflated markets to make some passive income here on great properties!

Generally speaking, if you borrow money at 7% interest and your investment is earning a 10% return, 10% - 7% = 3% and you are not growing faster than inflation.

Same result as above.A third alternative is forced inflation.  

Case in point: Inflation is still sticky, like my sourdough bread leaven.

Our economic system has inflation, which favors the banks, baked into the system.

Next, I tend to recommend that clients stay away from inflated HOA fees.

@Jonathan Small government actions have led to an unprecedented 40% increase in the money supply, 50-year record inflation, record increase in interest rates, bank failures, credit tightening, CRE recession, housing affordability issues, mobility issues, inventory issues, and massive impacts to the world economies, every investment class, and our families, kids, and friends like never before. 

Austin is a unique beast in itself, and many property owners have an overly inflated perception of their property's value.When I flipped a property in Austin, I sourced it through a New Western agent.

The historical appreciate indicates it will not keep up with inflation and therefore loose value in inflation adjusted dollars.  

@Breeya Johnson the entire market currently is in a cooling cycle with price declines and inflated expenses like property taxes and insurance.