[Joe Hadenuf]

I sold my home in Santa Clara in late 2000 for $717k. I just looked on Realtor.com and found several comparable listings within a few blocks of where my old house is, all for about $550k to $600k.

Uh, that don't make much sense, as the homes in So, Cal have done nothing but go *up* not down in price since 2000..... LOL.....

[Elliott Jackalope]

So. Cal houses were much cheaper than Silicon Valley houses. As a result, So. Cal houses have gone up in the last few years, while Silicon Valley, being mired in a severe recession, has apparently experienced a slow decline in housing prices.

I'm just telling you what I see with my own eyes. I know what I sold my house for, and I know what virtually identical houses are listing for right now.