“There is just not enough income support for $300K+ homes in the “new” (classical) mortgage regime.”
Oddly enough, most of my neighbors in Wildomar tract I live in now have at least two homes, their latest most bought with cash (quick close bargain deal), Although these are more real estate savvy types, so I would say in the Temecula valley area, there is plenty of income to support 300K homes at least.
