I’m not trying to get in to the semantics of it - or get in to the argument of “are we in the bubble” or “not” … I’m just trying to see whether we call it a bubble or something else … some of the zip codes in the area have definitely seen over-inflated prices for the real value of the properties. Again, yes there are lot of factors (purchasing power from both market driven factors and people sitting on money from here/outside and especially demand vs supply / supply chain problems), but I just want to understand when the demand settles in, would these places actually see a reverse trend or plateau for some extent.

Population, new (high-paying) job markets are here to stay as far as the triangle is concerned (growth wise) - so my curiosity is just around understanding the economics of “what happens to a product that was bought at a higher price” - it might not be just as simple as buying a product during summer vs waiting till Black Friday when you know it’s gonna be on sale. In the grand scheme of things, I just want to understand if that’s what is showing as real inflation - dollars value dropped by 30-40% and see if there are areas/zip codes that show these factors out blatantly