> This is generally not the case. Rents on a property take a long time to catch up to the mortgage payment. Over the last 10 years, though, I think this has be

> This is generally not the case. Rents on a property take a long time to catch up to the mortgage payment. Over the last 10 years, though, I think this has been a pretty common occurrence in a lot of areas. My mortgage + property tax is right around $1k/month - admittedly I bought near the housing market bottom. Rent on similar properties in my location is getting close to $2k/month. My mortgage will be paid off in about 2 years (15 year mortgage with some extra principal payments)