[Porsche-O-Phile]

Not even close.

Prices are still way too far out-of-whack with rental costs.

Of course, that doesn't preclude one from renting at a loss initially in hopes of recouping once that gap closes, but that's a much higher-risk game and I wouldn't recommend it for most people (who don't have high risk tolerances).

Case-in-point, I have a 2BR on the beach with two garage spaces. I pay +/- $1,300/mo. My neighbor two doors down with a similar unit, 2BR with ONE garage space (building is about the same age, etc.) pays well north of $2,500/mo on his interest-only mortgage. Granted he bought about two years ago, but that's illustrative of how goofy things are.

And yes, I've checked other markets/buildings too. It's virtually impossible to get the rents to cover the carrying costs right now. I'd wait a couple of years.