Escoguy. I won’t disagree with your premise that if a family makes frugal choices they can then spend more for a home purchase. The issue as I see it is that most people don’t make the frugal choices that you and your family are making. Thus most people can’t easily spend more on housing.

Mind you I don’t think we’re really in disagreement here. It more a case that I don’t think the points you made will make much of an impact. However, the bottom line is that due to low supply and peoples strong desire to live in places like San Diego home prices are probably not going down but up. I just think it’s straightforward lack of supply coupled with low interest rates. (Which of course you mentioned right off the bat in your original post.)