“if this keeps up you will be able to buya Mcmansion in Temecula, and I mean a nice part of temecula, and a BIG 3000+ sq ft home with ALL the bells and whistles for 300k. easily. the house that WAS 750k will be 300-350k.”

Are we forgetting that $750k house was briefly and very temporarily pushed to that level because of many fraudulent and dumbass individuals. It’s funny to see some think they are getting the house for half off at $375k. IMO you are getting it for damn near what the normal market fundamentals should have it at. That is why so many will continue to buy over the next two years only to find out a year later that they caught a falling knife.