Bake,
Making too much money? Homes were affordable once, but like anywhere else, the positive economic tide raises all values within a certain geographic area. Sooo, while your home value increases, so do others and in the end you become blind or jaded as Tredding said to the astronomical values of the properties around you.
Tredding,
Not to get PC on ya, but the "no speakie english" service workers that you referred to are anywhere along the US/Mexican border... not just CA. Americans just won't have those jobs, so guess what? On a different note, the cheaper homes, lower income and property taxes are getting to be more and more attractive. However, the temps in PHX are waaay too hot for me... even if it's dry!
S.