Ya, that sounds right to me. Coastal city housing is very supply constrained, part of why it's so expensive, but it is hugely in demand and provides tons of val

Ya, that sounds right to me. Coastal city housing is very supply constrained, part of why it's so expensive, but it is hugely in demand and provides tons of value to many by letting them live near high paying companies. Unless by "overinflated" you mean a constrained supply/demand curve?