“Knowing that you can get a 5% 30-year fixed mortgage, what would be your total monthly payment if you bought a median house today? Let’s say 20% down.”

I love using “20% down” in a financial example

Let’s see, median home price is $350K’ish (last time I noticed), 20% down is $70K

How many people do you think have $70K to put down on a median home?

People who have $70K in the bank are not interested in buying a median home which at this point means a POS SFR in Clairemont or a condo/townhouse in some other “happening” part of town

People that are interested in living in San Diego’s median homes are living paycheck to paycheck and facing significant uncertainty about their jobs

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It’s an interesting planet that you live on esmith – perhaps I can visit some day