[quote=4plexowner]I think this post shows why the top end will fall hard in the next year or two – the pool of potential buyers for houses requiring jumbo loans has shrunk dramatically
without cheap, fog-a-mirror jumbo loans the $700K+ market has a hard row to hoe[/quote]
I agree totally. There is no reason why houses should cost more then they did in 1995 which is the last time they were somewhat affordable.
