That's the wrong way to look at it. If you wait for the bubble to pop, it may never happen. Or it could happen, but only after prices doubles, and the "crash"

That's the wrong way to look at it. If you wait for the bubble to pop, it may never happen. Or it could happen, but only after prices doubles, and the "crash" may only take the price back to where it is now. Buy now IF you can afford to hold onto the property through a crash. If you expect to need to sell this property in the next 2-5 years, do not buy it.