Thats pretty much where im at. We sold in Nashville for an absurd amount, but havent been able to find a decent house in Westerville/Galena area. Everything is a shitty corner lot, old, not updated, sitting under power lines and its all going for 5% or more over ask. Normally those houses would sit on a market for months and go well under ask. This is how people make really bad financial decisions. Over pay by $50k-$100k+ now on a house and when we see a correction be under water in the loan.
I grabbed a townhome got the time being. Ive worked to hard for my money to throw it away on shitty houses I dont even like.