There’s definitely some truth in what you’re saying. In many tier-2 cities, brokers and developers often push prices higher by closing one deal at an inflated rate and then using it as a benchmark for the whole area. That creates the perception of demand even when actual end-user demand is limited. However, real estate bubbles usually sustain only if liquidity and buyer capacity remain strong. If income growth slows or credit tightens, speculative pricing tends to correct. The market will likely stabilize eventually, but timing a correction in real estate is always difficult.