Maybe they switch to alternatives (larger, further away) at around this price level. Other commentators have noted that you don't pay much less further away, ju

Maybe they switch to alternatives (larger, further away) at around this price level. Other commentators have noted that you don't pay much less further away, just get much more house than you need. An increase in supply and subsequent drop in prices would be absorbed immediately given the other conditions (appears to be the claim).