I live in South Laguna Beach. Contrary to what MTV and other crackheads in the media suggest, there are a few non-rich people living there. Not everyone living in the area around Blue Bird Canyon are spoiled, pampered rich people who have never worked a day in their life.
I know the houses were assessed as having 7 and 8 digit values, but that is because the because of the property values along the Pacific Coast in Orange County are astronomical. Many of those homes would sell for less than a hundred thousand elsewhere.