And another thing: a good house is one that keeps you and your family safe and warm and is a roof over your head.
If you don’t have 10% down on a 700k house, buy a cheaper house where your down payment is equal to 20%. Or would that house not be good enough for you?
I generally do understand most people, especially in Southern California – they are extremely greedy and materialistic and status oriented.
The market will go down further, I guess. Who knows.
Buy a house you can afford and like, and get on with life.
What is this GD obsession with the need to have the perfect house, perfect job, perfect car, perfect this, perfect that….life is way to short for all of that BS IMO.