this may be a good thing, home ownership is subsidized too much and the benefit goes only to the affluent as most people in lower cost areas don’t use the mortgage interest deduction anyway since they don’t itemize. There is no reason why society should subsidize wealth building by the fat cats in our society.
And for the record anyone who can afford to comfortably buy the average SoCal home is by definition a fat cat, average list price in OC is $750k, are you F-ing kidding me?
