Are you buying in Central Florida in 2022?

[Ryan Schaefer]

Curious to see how others are handling the current market. Obviously the supply/demand has put upward pressure on rents, which is great for units that you already own. However, the extreme price increases are making it difficult to find viable new investments. My wife and I are looking to expand our portfolio, but when running numbers, nothing seems to be working out at the current market prices. 

In short, purchase price increases seem to be largely out-pacing the rent increases: the 1% rule looks more like the 0.7% rule right now. Just curious if anyone is buying now or are you holding off and building a war chest should prices pull back? (which doesn't look like it will happen any time soon)