[quote=flu]
[quote]
Let home prices fall to where they’re affordable on one to 1.5x the average income in an area.[/quote]
Tell that to all the existing homeowners, then good luck getting re-elected[/quote]
It might be true for your average homeowners. But for me, as a current homeowners, I’d love to see price fall to 1-1.5x the average income in the area. That would mean I’d be able to pick up an average SFR in MM for between $80-120k. I’m sure you’d be happy with that as well.
For that matter, that mean I can buy a my move up house in Del Mar (just your average house in Del Mar) for $170k-$255k. Or maybe I’ll shoot higher and get an average house in RSF for $200k-300k.
