Housing values a 1%

[Tim Watson]

I am just starting and managed to buy a cash flow rental just before the interest rates went up.  I want to buy and hold and try to build a cash flow portfolio, but the doubling of property values almost everywhere has me wary.  Houses that sold for X two years ago are now listed for 2X and 2.5X.  It just feels wrong.  It also makes it really hard to make the 1% rule, let alone 2%.  I am sure I am not saying anything novel, but I havent seen a forum where this topic is specifically discussed.

Is anyone else spooked about buying houses that have so dramatically increased in cost in such a short time?