Originally Posted by WestLake
I'm in Central Dallas and I lived the boom/bust of the 1980s. It's booming big time again, but it's different. I don't think it will bust with 10,000 moving here every week...or some such figure.. Most older neighborhoods near downtown have skyrocketed and most have tear-down and rebuilds happening. I live in East Dallas, where we have good schools, and things have basically tripled since 2000 (rents included). I have about a dozen rentals and I'll probably be selling most of them to builders. There are some major things happening in those neighborhoods in the next two years which should push prices even higher. Do I dare wait for that, or sell next spring?
Yes, what to do with those excursions of temperament?
Sometimes a cranky tenant causes me to vow 2 more years and out, then I recover and say five, next week something else. Right now doing nothing looks very intelligent, and I've always been good at it.
Big increases of local value can give you the vapors.