Why home prices feel expensive when ownership costs suggest otherwise

Houses feel expensive because an unusually large percentage of the payment is going toward principal amortization.

For the last few years, my monthly housing market reports rate most communities across Southern California highly, suggesting it’s a very good time to buy a house. Yet...
http://ochousingnews.com/blog/why-do-home-prices-feel-so-expensive-when-the-cost-of-ownership-says-otherwise/