They already are ... and duplexes are also a rare commodity since they haven't built any since approx 1970 Miami. And they don't build them anymore. Its the Supply vs Demand formula and if the supply is fixed and low, while the demand is high, what do you think will happen to prices? As well, since rents are rising because many are unable to qualify for a mortgage to buy, yet alone compete with all the cash investors in our marketplace (over 83% of closed transactions in 2012 were for cash) and some prospective buyers have merely "given up" and are renting, again its a supply vs demand situation ... Landlord's market ... And just like any market it goes up & down, never constant, never static, just like the stock market sir, except less volatile and somewhat slower moving. With this said, I sent my Crystal Ball in for repairs and thet dropped and broke it :) so wouls you rather buy from the bottom on the way up? Or at or close to the top ... on the way down?
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