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Updated about 3 years ago on . Most recent reply

Does the 1% rule still exist?!
Looking to invest out of state, but with the recent wave of appreciation, does the 1% rule still exist? Looking for some motivation to keep looking out of state.
I live in a market that has seen insane appreciation where the 1% rule is now more like the 0.4% rule. None of it makes sense unless you have a huge down payment.