The median price of a townhouse in the Fraser Valley is just over $300,000. Is that "too high" or just right? What if that price rose to $500,000 or $750,000 in the next couple years?
The TSX Composite Index is trading just under 13,000. Is that too high? What if it was trading at 15,000 or 30,000? What level can it go to before you say it's too high?
A 2007 Toyota Camry is $26,000. Could they charge $35,000 or would that be too high a price?
My point here is that everyone is going to have a "too high" price for a given item. For me all of the above mentioned items are currently priced "too high" and I won't buy them for what the asking price is.
What about you? How high can the balloon fly before the air is too thin to breathe? How high would be "too high" a price for the biggest of bull believers?