I have read articles about people renting out tents in their backyard for $1,000 a month in the Bay area. Seriously. The occupants of the main house are "kind" enough to allow the tenant to use the main restroom during certain hours of the day. I wonder where they have to "go" during those other hours of the day?
Prices are crazy. My parents sold their house, and moved to Arizona about 10 years ago. It was the house I grew up in, was built in the late 60's, about 1,200 square feet, 1 full bathroom and one half bath, 3 bedroom for $750,000. I think they paid $50,000 for it in the 70's.