In normal times, you really just break even. If you are going to move in a few years, it is an effective strategy to beat inflation. If you are not going to live here, you make money when you sell. Maybe 5-6% a year. For some reason, everyone thought for the last year they could get rich, so they bought up a lot of property and are now renting them out. High season is still tight, but the rest of the year has seen less and less activity. I have 2 rentals, but I bought at much lower prices and mainly as an inflation hedge. How you make much money not with higher prices and higher interest rates is beyond me.
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Packer Fan
Retired
Village of Hillsborough
FROG, 10 years in the Making
World Traveler
From Oak Creek, WI
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