Originally Posted by RobLJ
I was a little amused by 10-15% being the "sweet spot" since when we bought 2 years ago in Reno it would have been about 13% and is now about 18.5% due to large appreciation (assuming we sold now).
I mentioned this as well. It's something not lost on the tax man as our RE taxes continue to rise. Those renting out their units in our building have been able to raise rates by a third in the past few years. I would say we were in "bubble" territory, but most of the toxic debt was wrung out in the last housing bubble-burst - which we barely experienced. I guess it's true what they say that "they're not making any more land." (heh, heh, except on the Big Island!) YMMV