Last time I checked interest rates were 5.5% not 6.5%. If prices reach 300K in SEH there are plenty of folks with 60k to put 20% down. I have several clients (recent grads with good jobs paying 50 to 100K that were too young to buy the last few years but lived with Mom&Dad while banking 50K to 100K in cash over the last 4 years. Not everyone was irresponsible. There are plenty of responsible folks like many of the Piggs that were raised right. For them that’s a PITI payment of about $1700 not counting Mello Roos and HOA.
