Otherwise, I could eventually see these areas plummet in value due to crazy high prices.

If it isn't patently obvious, they'd plummet.

We all have to accept that there will be a year of reckoning when our net worths will plummet on paper.

I am also a physician...Covid cases are plummeting.

The point is if you flattened CPI to account for similar standard of living, it would reveal the cost of living has plummeted.

This is unbelievable given $100B+ in rental aid and plummeting unemployment. 

Leading the value of it to plummet and give investors a discounted price on a residence that costs very little time and money to fix.

These lucky customers continue to drive the surge, along with plummeting mortgage rates and millennials who are entering their early 30s.

The price for every house in my market has been cut by about 6%… Not just houses, but vehicle prices are being cut 20%. And the Fed is planning to raise rates AGAIN. WHY?

As long as investors are getting decent rates, this works, but if you are one of many buyers in the market, you are looking at slowly creeping interest rates which creates a faux sense of demand.House prices during the Great RecessionIn 2007, disaster struck as the economy plummeted, creating what most termed “The Great Recession.”