Bubble again in Miami-Dade
I'm ready, willing and able to invest in a triplex in Miami. However, there is again a wave of speculating on the high-end properties. It has already trickle down to middle and lower middle class areas. Duplexes that used to sell approximately for $100.000 just last year are now for sale at $186.000. My question : Should I wait for the mini-bubble to burst and then invest (2 year wait maybe?) or just go ahead and buy a these speculative prices for the sake of being a rental property and an investment.
Thnq,
Jose