I'm sitting in a house my parents bought 5 years ago that has already doubled(!) in value. Rent in this area for a 1 bedroom apartment averages more than $1200

I'm sitting in a house my parents bought 5 years ago that has already doubled(!) in value. Rent in this area for a 1 bedroom apartment averages more than $1200 a month; anyone who can't afford that either lives in a rented room or a tent or has left the area. It's pretty crazy