1% rule possible in this high market?

[Timothy Carey]

The 1% rule; the monthly rent should be equivalent to 1% or higher of the purchase price of a property. 

My question is this; is the 1% rule possible in this high market? I find that with 20% down I can get a property to cash flow but still fall shy of the 1% rule. 

Any thoughts or advice is appreciated! 

Tim