Housing Bubble? Looking for advise on Miami real estate

[Lauren Quest]

I'm a new investor looking to purchase my first property in the next year or so, but I've heard people say the the rapidly increasing prices in Miami, Fl and surrounding areas means that "the market might burst because properties are priced higher than the actual value." or something like that. but I Haven't heard that from anyone who's actually in the market right now. Is it going to be better to wait a bit longer? also any other advise for entering the real estate world in Miami?

[Adrian Lemus]

No risk no reward.

What I have seen is that there wont be a burst or huge downfall. Banks are being strict with buyers, so the scare everyone is worried about wont likely happen. What is happening is the Market stabilizing and the comps will not let it drop drastically, if it does it will be gradually on until it stabilizes. 

I don’t see us plummeting to prices we had Pre Covid, we may drop about 10%-15% more and stabilize there.