[Smogger]

Or get a really bad loan that they can't really afford. It can't sustain itself like this forever. Does anybody really think that $1,000,000 for a place with a view from LA 60 miles away with binoculars with 1,200 sq feet is going to work in a few years?

Yep. Believe me. I wish they would all move to Ohio, or wherever, but people insist upon living here, soaking up our sun, taking our high paying jobs, cloggin up our freeways, and enjoying our beaches, mountains, and myriad distractions.

[dogbyte12]

I was renting a home in Arcadia. To buy it would be about $600,000 right now. It's 1,200 square feet. I can't bring myself to do it. Even if I won $600k after taxes tonight, tomorrow I wouldn't buy that. It makes me ill to think about it. I would get a $500,000 house where the money counts. But, I consider the home less of an "investment" and more of a place where I live. I invest in stocks and 401k's. I want the best home my money can buy not the right zip code.