@MeanwhileInOhio @jb @Eleutheria2 So the question then is: if someone is spending 600k on a house, what are they putting down? how much are they looking at paying monthly?

If there are people moving out of places like CA where prices have already exploded and they are taking the cash they've gotten out of their sales there, then all you are doing is importing those people as they run to less inflated markets.