People in my nieghborhood are still buying McMansions for outrageous prices. Who are these people? How do they afford $5000/month mortgages and taxes? Does this make sense? If the market turns bad (which has to happen someday, no?), I think there are going to be a lot of big houses cheap :-)
As for me - I just bought a house that overlooks a golf course. It's a mini-golf course, you can see holes 2, 5, 9 and the windmill. That's about the best I can do.