Generous loans increase buying power and, in the absence of elastic supply, would result in rising prices that keep housing expensive. The wonder is that you ca

Generous loans increase buying power and, in the absence of elastic supply, would result in rising prices that keep housing expensive. The wonder is that you can buy a new construction 3-story 3 bed/2 bath house 5 minutes from Sugamo station for $550k, despite the mortgages being so generous. (Source: the flyer that a real estate agent handed to me in the street last night).