[duderific]

> The Bay Area is the most expensive place in the US for no real reason except for regulation.

Isn't it more about supply and demand? There are many people here making big salaries at the tech companies, so there is not a shortage of people who can pony up $1-1.5M for a 1200 sq. ft. house. If the demand wasn't there, the prices would come down to meet it.

[BadassFractal]

Exactly. Singles and DINKs moving in, chasing the gold rush, willing to pay whatever it takes to be part of the action. The market adjusts itself accordingly. Nothing new here.