Lastly, it constantly amazes me that you fail to grasp even the most basic of real estate concepts. When you buy real estate, you are not just buying a house! The house depreciates, and it is the land where the greatest value and opportunity lies. In a place like Saint George people trying to resell Homes will be competing with builders for decades, because there is no shortage of land. Look at what has happened in riverside county. When there are downturns it gets crooshed! Here in Southern California what you get for $1.5m is a very very valuable piece of land that is a limited commodity.
