[quote=deadzone]Also, super low interest rates only go so far. For a 1M loan, even with 5% interest the monthly payments are still near 7K per month. Let’s be realistic, there aren’t many people who can afford that payment.[/quote]
Deadzone,
You assume people have no assets and need huge loans. Most successful professionals I know have hundreds of thousands and many have millions in the bank by their mid 40’s. They have a big chunk which they consider their “house money”. You may not know people like that but I know tons of them. They exist whether you want to beleive it or not.
