I no longer watch Fox Business or CNBC, so I don't know what whitewash Bob Shiller, Ed Pinto or Mark Zandi or The Fed were slinging, but let me show you a few charts of home prices and median family income for the west coast versus the east coast.

First, my old home Phoenix (one of the ground zeros for the housing bubble). Like in the film The Big Short, do you see anything that might bother you?