> How do you know they're inflated? Maybe that's just how much homes in economically productive areas are going to cost from now on. My understanding of GP's t

> How do you know they're inflated? Maybe that's just how much homes in economically productive areas are going to cost from now on. My understanding of GP's thesis is that they're inflated because the homes, and even their surrounding neighbourhoods and infrastructure, actually haven't changed meaningfully while the price went way up.