I am new to the hondo scene but here is my take....
I would'nt call it a crash, I think the market is just finding a new stable price and until it settles on one the prices will fluctuate. Something to consider is that when new morphs appear people who intend to breed will pay a higher price than people with no intent on breeding. The breeder buying phase has probably long since past and now people who just want one of these cool morphs as pets will set the new price.
Plus, 500 is still a lot of money for a snake when I am paying 300/month just to heat my house (in Conn.) and more than that on food for a month.
Best,
Vinny
-----
“There is a grandeur in this view of life, with its several powers, having been originally breathed into a few forms or into one; and that whilst this planet has gone on cycling according to the fixed laws of gravity, from so simple a beginning endless forms most beautiful and most wonderful have been, and are being, evolved.” -C. Darwin, 1859