This is directionally accurate. The issue is of course timing. It takes years, possibly decades before inertia is overcome and prices move down. And in a place

This is directionally accurate. The issue is of course timing. It takes years, possibly decades before inertia is overcome and prices move down. And in a place as big as America it will always be impossible to time a permanent shift downward, if it ever comes for the handful of metro areas that will always remain alluring.