Saturated market or growing market
I'm monitoring a target area that sold 20+ homes in the last 6 months and is currently listing around 20 more. It is an area with expected sustained growth over the next 5+ years due to nearby major retail, office space and food anchor construction. It is possible that local inflation is setting in and prices will continue to rise (meaning, get in while the gettin' is good). Is it wise to buy in an area like this and anticipate rising rents will cover marginal returns at face value (i.e accept near break even noi for the first year)?