While there isn’t a tipping point per se there is definately a point where the general increase trend stops increasing or bouncing along steady state and starts a long trend downwards. We might be there…but it is going to take a long time to unwind.

I still emphatically believe that prices have to unravel to more reasonable numbers inline with the economics of today. If not I give up and will just rent and be smarter for the rest of my life 🙂