I don't know if we are talking about the same house or not but about 5-6 weeks ago on one of the morning magazine shows there was a house in Silicon Valley that had been in a fire and it had sold for around a million dollars. The new owners supposedly were going to tear it down and build a completely new home. The reason for the price was the minimal amount of homes for sale in this desirable area for tech employees. Yep, they must be making SOME money out there. Of course, look at the cost of living, especially around the San Francisco area!