“it’s never going to 400k, even in a crash this is not blue collar housing or first time buyer housing so it will not settle in blue collar or first time buyer territory.”

So 400K is first time buyer territory now??? You see, this is what is wrong with Clownifornia right now. You have a median household income at sub 70K and 400k is a starter home. Do you see what is wrong with that picture???