I think most people are under the belief this will be a quick dip and therefore "look at the long horizon". If it doesn't come back in a couple weeks (I personally don't think it will) then we will start to see an impact in GPU prices. For a while there, people could buy miners on a credit card, start a farm, and then repay the debt with cash flow generated..... well that isn't happening at the moment. This will take a number of people out of the market.
I, unfortunately, bought some expensive cards as the prices were rising. I was in a hurry to finish the rig and ended up 1 card short. I'm in a holding pattern at this point and will be waiting for the crypto prices to impact the GPU prices.