A couple of years ago they had those TERRIBLE fires all over California. One right across the valley from us destroyed like 3000 homes. They weren't the nicest homes. And the news spent all their time covering this really expensive subdivision in the hills that was threatened, but I don't think any ever burned. And the really expensive neighborhood outside San Diego that burned down.
Well, it goes without saying in today's market that "expensive" describes nearly ALL of the homes in California. Even small, modest tract-houses which were sold for no more than $200K several years ago have fetched up to $500K in Ventura County. (God help any of them that doesn't have fire insurance). This is why I can only afford to rent here. Silly news headlines, be more descriptive, less sensationalist.