I've been seriously considering selling off my apartment because of the housing market right now. Seems untenable, but who am I to say so?
When we bought this house, we bought it in a little town that had (at the time) 800 residents. It was the boonies, which my wife balked at. But I explained that it was an investment home..we could buy it relatively cheaply, live here some years, and as the town grew, the property would gain equity at a good clip, above and beyond the equity I was making by making house payments. We said that we'd sell in 7 or 8 years.
Since developers were buying and building, the town did grow. We have restaurants and shopping centers and all kinds of stuff that wasn't here when we moved in. In the current housing market, it seemed like a good idea to pull a trigger on the selling plan. I'll end up with more net cash on the sale than I make in a year for a salary.
I'm hoping that in 2-3 years, the housing market will cool a bit as home builders catch up and hopefully material costs drop (wood is at a crazy high right now, almost doubling the cost of building), and we can end up with a nice home at less than I just sold this one for.