The million-dollar cycle hasn't completely played itself out in the more affordable areas, which include the Inland Empire. There is more to happen there.

These numbers include condo conversions and (that) activity increased sharply last year. Since they are lower-cost homes, they pull down the median.

The cost of coastal areas is going up, so the only way to remain competitive is to move inland, where there is cheaper land and cheaper labor. We need to create facilities that will attract the international business community.

Everyone is waiting for an end to the tightening cycle, so that's why the dollar is vulnerable.

Million Dollar Baby

To the degree you overexpose yourself, you become an inflated commodity, which in turn causes a devaluation of you in the eyes of others.