Existing rental home prices in Gatlinburg/PF areas

[Kyle Smith]

A host on one of the recent BiggerPockets podcast said, "...the market for existing homes is so high in Pigeon Forge we are leaving this market for investments elsewhere." (paraphrasing)

The price points for existing cabins selling in Gatlinburg/PF are getting so high it's tough to make the numbers work.  I know a large number of cabins with views are selling on average 75-125k higher than they were 2 months ago.  Cabins without views are selling at "10 out of 10 view" prices.  It's pricing some of us out, especially those of us relying on 85/15 financing for these properties.  I'm not sure how long the market can keep this up.  Demand is very high and supply is low.  I would have thought many of the cabin owners would take the cash and run but they are holding onto their properties.

Your thoughts on the trend?  What can we expect next year?

Thanks