[quote=spdrun]If I were spending that much on a home, I hope to G-d it wouldn’t be in some soulless burbclave tract.[/quote]

But the point is you aren’t spending that much money on a home, so that’s a matter of your opinion, which is fine. And for whatever reasons that others have, they have their reasons for spending *that* much on a home. But the fact is, people are and aren’t exactly hurting to do so.

I think if folks look at it this way, Del Mar, LJ, Carmel Valley, Encinitas, and a lot of other high net worth known places really didn’t go down *that* much during the RE correction relative to everywhere else. And the reason is probably because people in these areas probably can hold out longer to weather a financial storm more so than you average person. And i guess for different people that means something to them too.