This guy's blog is really excellent. As I just mentioned to a kind Facebook friend who sent it my direction... I really agree with his point of view. It's excellent and it looks like he's really looking at the whole picture. It seems like a lot of people want to believe that the Bay Area is immune from the housing bubble, but I fear it's not - we just have to wait and it'll hit here too. I'm looking at the situation in Japan over the last 20 years and it doesn't look good. I am going to take the advice from the blog and just keep renting - and hopefully once I have lots saved up, prices will be affordable. Whew, this is a crazy time!