re: Are houses appraising in accordance with the inflated sales price?

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People on this board seem to think that the real estate market has somehow become irrational compared to some notion of "what things are actually worth"- whatever that means. I mean, I'm not generally one of those "muh market" Libertarian types, but who else decides what something "is actually worth?"

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Some do believe this to be another Bubble, and it may be to an extent. But like another poster pointed out: the USD is going to dog shite and this is thanks to politicians thinking that it’s okay to create trillions of dollars out of thin air in our Fiat monetary system.

Consequently, institutional money is going into real estate as a hedge against the coming inflation.

TLDR: buy gold and real estate!