> And this doesn’t even get into the whole “house that costs $1M in CA wouldn’t cost $1M in Texas” thing... People tend to buy the most house they can afford,

> And this doesn’t even get into the whole “house that costs $1M in CA wouldn’t cost $1M in Texas” thing... People tend to buy the most house they can afford, not just the most house they need. If you have 1M for a house, you buy a 1M house in Cali or TX. Most wouldn’t move to TX and buy something cheaper, but instead something bigger.