I agree with you CAR even though a couple of your examples are in the SM school district. If you have a million to spend and are buying at substantially greater than 2000-2001 pricing than either you are not looking hard enough or are after an exceptionally rare property. In my neck of the woods, Mission Hills, a REO just closed for 19% over the 1998 price. The catch is that the price was 950k which is out of reach for most buyers.
