As housing prices increase, socialism will increase rapidly.

But the OP is just starting so that's the question if he plans to grow big rapidly. 

Kyle, TX (25 minutes south of Austin on the way to San Antonio) is one of the fastest growing cities in Texas and property is getting snapped up rapidly now.

It can be a great buy for a rapidly appreciating area, because of the equity you may gain in short amount of time.As others have said though, HOA's and condo fees can be absolute KILLERS of cash flow and tenancy.

@Jason Bohling The treasure valley market is definitely a different beast than most of the markets you'll see people chatting about here in BP- rapidly growing, aggressive appreciation, low vacancy, etc.

Same can be said about the cost of education and health care or the rapid rise in stock market valuations, vastly exceeding the rate of inflation.

When they moved and we were spending time working on the house last summer, I drove around and was amazed at the rapid changes in the area just in those 3 years -- my own perceptions of that neighborhood were behind the times.

To me it depends on how much cash you have tied up in the house and the nature of your expenses (are they stable or can they rise rapidly?)

The market down in South Florida is growing at a rapid pace, so now's a great time to move down.  

I purchase buy and hold duplexes in Grand Rapids.