If the community votes to restrict rentals then investors may sell but values may rise over the long haul as lending will be easier to obtain for owner occupant buyers (assuming a low about of fellow investors in the community).

I'll go to 20,000 if the Good Lord Is Willing And The Creek Don't Rise (Tennessee Ernie Ford)Everyone says how much they learn here on BP, believe me I've learned about people from all over the country, it has certainly helped me see the big picture of the industry and investor's strategies.

This doesn't mean that you can't make money in those markets though.Long term is 44310 going to appreciate faster than inflation, no.

We hear so much about success, that when stories like yours comes along, the ability to rise from previous mistakes, it is so much more inspiring.

Instead, they tend to tout "could be" numbers and inflate the sales price as if the "could be" "was."

As an older person who has lived through many economic ups and downs, including very high inflation and interest rates during the President Carter days, experience and history suggests a big correction - possibly larger that the most recent one.Did you see the HBO documentary "Too Big To Fail"?

As a buy and hold, you want to make sure this property you are looking at would appreciate at least in line with inflation.  

But, I NEVER inflate the ARV, manipulate comps, or intentionally understate required rehab costs.  

(Actually selling for, not just what they are listed for on land selling sites where the listing prices are often inflated).Depending on the county you may also be able to research recent sales online to see how much other properties have sold for.

Of course interest rates will rise eventually and put pressure on housing prices.