@Scott Trench have to agree with @Chris Martin  here though I will say I do understand what you are trying to say and I know people who did buy in the height of the euphoria and actually have made a boatload of money here in NYC because while what they bought was overpriced at the time it has only gotten worse, maybe Denver will be the same no one knows and that is the problem no one knows.  

I got this one Grohe Euphoria system for free from Home Depot thanks to my writing gig with them, but you can get non high-end versions of the same European system on Amazon very cheaply like this one: Bar Wall Mount Shower SystemThese are more difficult to install , but when something goes wrong, you don't have to get into the wall to fix them.

Once, or even while, you have reached this state of euphoria, join your local REIA and get involved!

Builders are scared to hop aboard the "Oh-Euphoria-Housing-Prices-Will-Go-Up-Forever-YAY!"

I think the key is too watch what a lot of people are saying (these people are not savvy investors, but folks caught up in the euphoria of "good" times or melancholy of "bad" times) and do the opposite.

It takes discipline to not follow "shiny objects of distraction" that look good from a distance, but take you off the path to success with a temporary euphoria.  

Now they got nothing but trashed properties.they went from euphoria of believing morris pitch of a freedom number .. now unless Morris will recind and buy all these back there is no question that many folks are going to lose their savings.. very sad.. but at the same time these folks need to step up for what is right and try to protect others..

Including Texas and CaliforniaLooks to me like we are at "Euphoria" sliding toward "Anxiety" - hang on for the ride

Psychologically, we're more in distress with losses than we are in euphoria with gains.

And then the investors going to repeat the same euphoria again lolIts wolf eating wolf and eating wolf-way of business.Now every GP outthere, look at the same excel sheet, find me all complex that would have debt maturity in 2024, I would buy it all with 20% discount LOL LOLKind of.