Is anyone else getting concerned about this hyper-appreciation?

[Fred K.]

I’m seeing about 1-2% appreciation per MONTH in a lot of markets while incomes aren’t going up much at all (in MCOL and HCOL areas).

Surprisingly I see little discussion about the crazy bidding wars and the record prices being set every week.

I know no one knows whether prices will go up or down in the future, but is anyone else getting concerned? What happens when additional inventory comes to the market? Looking at the case Schiller index, it seems that RE either goes up or down, it rarely flatlines.

Is everyone just buying as long as properties cashflow? How do you make sure you aren’t overleverged?