My first house was in PV. Small, standard PV, 2 bed 2 bathroom for around $150k in prob 2004 or so. Great house, great street. Sold it in 2009 for $185k. Just looked and it has a tax appraised value of $331k today. I can't imagine being out of college a couple of years or whatever and walking in to that house and paying over 300k. It just seems impossible. Hell, we struggled with the thought of paying a mortgage at 155k or whatever.