Does the 1% Rule still apply in California?

[Michael Figueroa]

I am learning a lot of info and one of the things I stumbled across is the 1% or 10% rule for holding real estate is this still applicable in California? If not what are the metrics you care the most about for investment properties or multi family?

[Carlos Ptriawan]

Quote from @Michael Figueroa:

I am learning a lot of info and one of the things I stumbled across is the 1% or 10% rule for holding real estate is this still applicable in California? If not what are the metrics you care the most about for investment properties or multi family?

 1% rule In CA works last time in 1994.
1% rule is still working in 2022 in certain zip codes in Indiana, Ohio, and Alabama, but even there the median is 0.8 by now with sub 3% rate/25%down.