I will say that arbitrarily raising wages is not the solution, but wages do need to accelerate faster than inflation for a number of years to make up for lost time.

We talk with sellers who have an inflated view of their home's value because "the Zestimate said $XXX,XXX", but we know it's not. 

I'm just glad the realistic CMA and my accidentally inflated CMA were still very similar at the end of the day, otherwise I could have done a lot of damage to myself inadvertantly!

In some markets that have some history of appreciation in excess of inflation, you can purchase $200K properties in solid areas. 

.- - -Note: Snowflake is a 2010s derogatory slang term for a person, implying that they have an inflated sense of uniqueness, an unwarranted sense of entitlement, or are overly-emotional, easily offended, and unable to deal with opposing opinions.

Absent an exchange you'll have to pay to recapture those taxes later on and the government will tax you on the inflation tax.  

Is it just super inflated in this area and possible pullback or do you think a move in ready 3/2 in the $170’s is worth it?

Assume a 3% inflation.

That document will tell you quite a story, because they're always trying to inflate expenses to get more of a tax deduction.  

Local advisor said while the building and renovations have been beautifully done, the area itself is one you wouldn't want to walk around at night, so he does feel her rental estimates are inflated.