[quote=briansd1]IMHO, the most important factor affecting San Diego and other high-cost housing markets is the availability of large loans. Reduce the limit to something like $250k, and prices will come down. Builders will build cheaper houses — supply and demand (demand includes the willingness and ABILITY to pay).[/quote]
Yes, that’s a very good idea. Why don’t they? 250K seems pretty reasonable for regular loans and rates if you have 15-20% down. And jumbo loans should be between 250K and 417K.
