There's no bubble <http://schreyer.mylog.de/news/design/pics/Diverse_2005/Pustefix4.jpg> too big for the nuevo/quasi riche' of Santa Cruz.
Santa Cruz County's median home price $757,000 in June from Santa Cruz Sentinel Local SANTA CRUZ — Despite a real estate slowdown nationwide and the growing numbers of county homeowners missing their mortgage payments, one segment of the Santa Cruz housing market is buoyant: high-end homes. http://www.santacruzsentinel.com/archive/2007/July/17/local/stories/03local.htm
