>In my neighborhood a 1200 square foot house built in 1960, with termites, goes for over $900,000. SICK!!!

That's insane... they sell realestate out there by the square inch!
I remember a while back that the realestate market in south Flordia (Miami and such) tanked. Perhaps that will happen out there. I sort of *assumed* since the .com bubble-bust that maybe realestate out there had become more practical...I guess not. For 900K, pretty much anywhere else in the USA you'd get a dream house - not a 45 year old 1200 sq ft place...geeze.