Just imagine if the average homeowner grabs some equity, they spend it like most consumers on a boat/RV or a new car or a pandemic ending celebration vacation and then interest rates rise, the hotair comes out of the housing market, prices contract and you can imagine the results if we do have an economic slowdown. 

Inventory is crazy low, causing home prices to rise drastically.

There are some terrific markets 1-2 hours outside of Austin that have been on the rise over the last decade.

They may disagree on temperature in the property.

I also believe that values will continue to rise and the sooner you can get in, the better.

It's much easier to scale and we most certainly have a large tenant pool here even though population isn't rising like the southwest.

Since this is now an investment property getting an interest rate in the ballpark of my current rate will be expensive, but assuming interest rates rise from here it still seems like it makes sense to refi to drop the MI as I'm paying a 211.89/month. 

They avail equity I can pull from these in 10 years will be very nice with prices rising.

I am a realtor and I currently live / own a 2176 sq ft, 4 bed, 2.5 bath house that could sell for 389k based on current comps in my neighborhood.Rents are also on the rise and could easily go for 2.6k a month.

Anyone who bought 2 or 3 years ago should have enough equity due to rising prices.