After moving to AZ just 4 years ago, my place has doubled...I'm no genius and I didn't plan this to happen and I'm blown away at what homes near ours go for. It's ridicules!
We look at the home my friend was raised in in S.CA, a 1950s tiny cookie cutter 1300 square foot home is going to 800k!! And it's 100 feet from a major 4 lane highway. No joke. This economic lunacy will all come to an end one day.
I moved back to Texas in 1999. I could sell my house for 2.75 times what I paid for it, but where could I go? I would have to pay the same crazy high price somewhere else.