Will All Major Cities Eventually Become Over-valued?
I am young at 24 years old and do not have much experience in real estate and the cycles that the markets inevitably go through.
Some things that I have noticed are that we see some very over-saturated markets such as Boston, New York, San Diego, San Francisco, etc. where the prices are extremely high (compared to the average) and we see much smaller and less-saturated markets such as Nashville, Jacksonville, Charlotte, etc. where prices are low or at the average.
Will there be a day when all of these other markets catch up and eventually become over-saturated? Will these low prices not last forever as we see more and more investor action or will there always be other major cities out there that provide more opportunity?
Just some thoughts :)