> It's the same shit everywhere in the west. Real estate is priced at the maximum amount the market would bear. And the market would bear to pay the amount ban

> It's the same shit everywhere in the west. Real estate is priced at the maximum amount the market would bear. And the market would bear to pay the amount banks will allow buyers to borrow (to first approximation). So if banks allow 30 year mortgages, the market would bear up to 50% or so more than if banks allow 20 year mortgages.