I suspect the area HoneyBadger will be in will be fairly stable just because of the limited availability and continued presence of a major AFB but there is no way I believe Denver housings were comparable in price with LA circa 1999 (or any other time). I knew far too many people PCSing to LA around that timeframe and the baths they took with trying to get off-base housing. I also believe CA is already in a housing bubble; if I were going there now, I'd rent rather than buy and I'd be renting out my Colorado home to pay off the mortgage and get my homeowner tax deduction (but I won't be going there -- I've already told my employer that my pets and my guns are illegal in CA so there's nothing that would induce me to go there).