It sounds like nothing has fundamentally changed but you are feeling frustrated with capex spikes and a bad tenant.

From there likely a short spike due to the market being more reserved as the policy starts to take hold and lenders opting to raise rates a bit to be on the safe side while the policy settles itself in the new economic environment.

If 8 years if rates have spiked and you have a loan in the low 5s, that will have more value than a house that has to be financed at higher rates. 

Due to a significant spike in demand, housing prices have skyrocketed, making it nearly impossible in some areas of the city to find solid returns as a real estate investor.

These are all reasons to believe the neighborhoods that experienced the largest spike in new housing will effectively absorb the supply that was built in recent years.

It might take a few years for their pay to compensate somewhat for a spike in inflation. 4.

In addition, just because rents spike doesn't mean your tenant received a comparable bump in pay.

Inflation might go up 5% next year and be primary based on fuel prices spiking while housing prices might be dropping!

Electricity can also spike in the summer with A/C.

There is a few month lag due to billing lag, waiting to see if the spike is consistent, then raising rent, but it works out in the end and I like knowing that the bills are paid.