Actually, the records I found showed a purchase price of $918k on the Avenida Castana house. Only about 2400sf too. Lots else for sale in that neighborhood in the 8’s also. Ouch.
Nonetheless, the post leading off this thread was a good one for keeping the debate interesting. Too much one sided bearishness and people will get bored and start using this site to whine about global warming, Bush, the war, yada yada.