Flip this house show was just on. Some ‘Flipper’ in California had purchased a house for $540K. The house was 980 square feet, all torn up and mold everywhere. When the demolition started, they found walls that were just thin plywood covered with wallpaper, no sheetrock. Anyway, the guy puts $80K into fixing it up and puts it on the market for $749K. I guess I don’t understand the west coast and the weather tax, but man, that is a TON of money for 980 SF house, even with the upgrades done to it. To me it looked like it was worth around $100K max. Of course I know what it takes to build a house, so it makes me wonder how the heck the prices have gotten so crazy hight. Anyway, as long as buyers are willing to pay rediculous prices for something, it will keep selling. But I guess at some point the product (house) gets out of reach in price, then something has to give. Sorry if I am all off topic.