For you folks in SD, homes up here tend to be old and not updated so when you find one that is newer or updated, people act like they just saw a shooting star and quickly wish upon it with their checkbooks before it dissapears.
Don't even get me started on this, especially homes in Cupertino and Palo Alto.
Seriously, the difference between price insanity here in SD and price insanity in the bay area is the former $1million buys you a nice stucco box about 10 years old around 2600sqft with a small backyard that will probably fall apart 10 years from the day you buy it. The latter will buy you a 2-3 bedroom 20 to 30+year hole in the wall, that has fallen apart, but nevertheless slapped together again by the previous owners.
