But of course the real question is when 😂It looks like interest rates will be rising, which has tended to cause asset prices to fall in the past (for real estate, higher monthly payments meaning people can't afford to pay as much for property).However we have other things going on in the economy (supply chain difficulties leading to inflation and - worse - the expectation of inflation which can then become a self-fulfilling prophecy) which could make you think prices are only going to go up.I'm still trying to find my crystal ball; I know I packed it away in a box before my last move, but I never did manage to find it.

A yield play will return a lower rate because it is already operating well and there is little upside other than inflation of market rents and perhaps some tweaking of expenses like water conservation.

Currently, inflation is estimated between 6.5 and 10%, you can get a mortgage at 3.5 to 4.5%. 

Good Afternoon,Looking to build an owner occupied duplex, because it seems like the market inflated right now and I can build for cheaper.

He kinda loses me with overly optimistic equity returns (claiming 12%/yr averages whereas after inflation it may be closer to 6-7%) and can be religiously in the wee hours. 

People are buying to hedge against inflation.

In no universe should my electric and gas bills be as expensive as they are yet here we are with hyper inflated  utility bills. 

You can add inflation to the pro side.

There just isn't a lot of appetite in the lending market for these properties right now as the business model as a whole is under attack, leisure travel is being squeezed thanks to inflation concerns on household budgets, and affordable housing concerns by local governments. 

Additionally because of the rise in interest rates, you are seeing rents increase to fight inflation.