Regardless, at current (historically quite low) interest rates, a typical software engineer's salary will qualify you for a very large mortgage.
You'd be surprised. At 30, I saw many of my friends go from thinking they'll never afford a home to each buying one over just a few years.
Low interest rates aren't helping most people, they're hurting by pushing up house prices. Only those with significant capital for a deposit benefit.
Most people buy as a couple, so this is achievable.
Who do you think owns the homes all around you, and in all the suburban streets around the city? Normal people like you. There aren't hundreds of elites living on every US street, clearly. They're just normal people who saved up over a few years or got a little helper money from their parents.
Real estate is worse than crypto when it comes to speculation.I realized this myself when my property doubled in value in less than 2 years.
Once you're in the market, it's easier to STAY in the market. If house prices go up, you'll have to pay more to move to a new house but this is an easier pill to swallow because your current house has increased in value.
