maybe its not the price its the mortgage size

i read plenty of reports stating that years ago houses were 3 or 4 times the wage... now 9 times...

maybe thats the problem...

if people were limited to borrow only say max 5 times their salary...it may curb excessive borrowing, that is what has pushed house prices up....

a house worth say $1 million...but they are borrowing $200k...and have salary of 50K makes sense...

but $500k house borrowing $450K on salary of 50K does of.