In reality things aren't overpriced because there is a global rush to debase all currencies since they have printed crazy amounts of debt. I mean the US election was a good case study of this. Not a peep about ridiculous levels of spending both candidates were pushing. Why do you think Gold & Silver keep skyrocketing? Even more debt floating will just lead higher commodity prices. Housing is a commodity as well, so it keeps rising no matter the rates especially here in California where the environmentalists have guaranteed no more supply will be coming on line. I think Paul Tudor Jones was pushing a portfolio of commodities, cryptocurrencies, stocks & no fixed income. When rates rise fixed income will collapse.
people focus on gold - i don't know why there are other things that out run the value of gold like what we who know construction call smalls, nails, screws, fasteners, clips, electrical supplies, plumbing supplies, roofing supplies etc. have all out run gold. let's put it this way anything is better than cash.