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My gut tells me you may be right, but the particular city I live in was one of the least affected by the last bubble and is projected to have a steady (and substantial) increase in population for the foreseeable future. Prices have been on a moon rocket for the past several years as it is, so unless you're completely right it's now or never. Plus I'm looking in the range of "flaming turd" where there's less markup, I'll put my own labor in to make it nice rather than paying someone else a premium for having done so.