Agreed. If you can pay $4k every month and don't have enough saved for a down payment then you did something wrong a long time ago. But this is America, right, where people making $1 mil per year have $0 in savings.
No more shops.
https://irvinewatchdog.org/2021/04/30/irvine-company-seeks-to-add-more-medium-high-density-residential-units-in-los-olivos-and-cypress-village-has-the-city-and-the-irvine-company-worked-out-a-public-benefit-agreement/
Tustin Legacy South Plans
http://brokerjulie.com/promo/tustin-legacy/tustin-legacy-south/
Brookfield Gets Green Light for Tustin Legacy Master Plan
https://www.connect.media/brookfield-gets-green-light-for-tustin-legacy-master-plan/
I didn't say it was earned income. I said it's a gift. It's also not a reduction of cost basis because the escrow documents don't show a reduction in cost basis.
Another thing is sites like zillow cant tell the difference between low income and market units. So when your neighbor sells for half the price it drags your homes value way down.