I’ll just never get my head around this. My good friend just sold her house in Orange Co for 740K. Bought it a year ago for 640k. The previous owner paid 280k for it in mid ’01! it is an entry-level family home. No backyard to speak of. Way out east of anything interesting – hot as hell. 740k. She had given up on selling it and was going to just take her husband’s business buyout (the company is moving to TN). GO FIGURE!!!!