Because you can get better returns? A lot of investors are break even with rents and just use their leverage as an appreciation play. If you see RE staying flattish for 5 years but think TSLA is going to the moon, you sell.This is why I fail to understand Mawsome Sauce's point on why investors would be selling during housing downturn. Why would you sell your rental after a 10% drop, especially if you locked in a low rate, when you could have done so at peak? Higher rates would make you just feel better about your mortgage.