Wow, I was going to bring up how fraud is responsible for much of this huge run up in prices… Then I saw your post. You said it much better than I would have! 🙂
I have a good sense of humor about most of life. But when you think about this housing ponzi scheme, we really do need to get angry and get some justice.
A lot of good families in San Diego are homeless because they were “priced out” by the real estate speculation these last few years.