Couldn't agree more. I cancelled looking for a new home and selling my townhome because I just don't want to pay these inflated prices to get back into a single family (stand-alone) home.
Can I afford to? Yes. Will I? No. I'm just not willing to pay these prices only to have the bubble pop later and have my home be worth less than I paid for it. Just not going to do it. It's not financially responsible.
I’m not sure it’s coming back down. Inflation is here and the quality of the buyer is 50x what it was in 2004...and remember it grew massively for 3 years before it fell off