Thinking of buying in this crazy market...

[Zack Francis]

My wife and I are currently looking for a property in Mesa, Gilbert, Chandler AZ. When running the numbers, accounting for vacancy and capex, the cost on cost return (yield) is 0% or slightly negative on almost all of the properties we look at.

I'm tempted to pull the trigger anyways. Here's why:

1. Low interest rates.

2. I expect inflation to continue, causing rent prices to increase, and housing to become even more unaffordable. 

Do you agree or disagree with this approach? Any thoughts or feedback are welcome.