He also said prices on 2-4unit buildings are skyrocketing because in Utah's market right now they're the collectible cars of real estate.

It is going to be market specific.During the previous recession of 2008-2011, rents skyrocketed in my market and tenant quality improved.

Even if everyone in LA wanted to do it, it would still be an incredibly slow process.Also, anyone who thinks zoning rules are the main reason for the skyrocketing RE in CA is being fooled by politicians.

@Michael Carges I understand Force Majuere, but you signed a contract in December 2020, which was a year into a pandemic when lumber prices had already skyrocketed.

There is a lot of new construction and investments and plans for North Charleston that will cause prices to skyrocket even more within the next 10 years, so with the lease option I can at least lock in a purchase price and not worry about being priced out of trying to buy a property.

My most popular STR is a manufactured home as a cabin in the middle of dozens of acres of forest, which I paid cash for back before things skyrocketed.

A great area if you got in a few years ago but prices have skyrocketed in the last 18 months.  

Hello again, BP Member.Just wanted to come and get your thoughts on three properties that I own and was thinking of doing a cash out refinance:Two are investment properties that have had their value skyrocket and one is my primary that I will eventually move from and rent.I am roughly $200 under current market rents on my two investment properties (Same lease for three years).Property 1) Purchased at $110,000, owe $40,000, rough value $175,000.Thinking of doing a cash out refinance and will still cashflow around $250-275 on the door after raising rents.Property 2) Purchased at $120,000, owe $90,000, everything else is identical to first unit.Primary ) Purchased at $167,500, owe $128,000, rough value $210,000.When I move and rent the unit would cashflow around $200-250.Should I pull cash out of all three to buy more? 

Home prices are skyrocketing with no end in sight.

I have places on Vancouver Island (just north of Nanaimo) and prices there have sky rocketed over the last 5 years.