Without 30 year loans and low down-payments, areas where the rent is much lower than the cost of owning a house (like the Bay Area) would have much lower housin

Without 30 year loans and low down-payments, areas where the rent is much lower than the cost of owning a house (like the Bay Area) would have much lower housing prices. Many fewer individuals would be buying and the investment firms would not be pumping up prices on a bad investment.