On one hand, some folks have been jumping on folks spending $3500+/month on mortgages.
Don’t forget that the vast majority of those people are also taking a huge tax write-off in the interest. Few of them (only work-from-home self-employed types) will be able to write off any of their rent. The rest will have to adjust their monthly housing cost downward by 800 or more to cover their now-higher tax bill as a renter…
