I have a family of 4 and made less than 1/5 that last year.
Johnny D it's not any reason to buy a house unless you look at what you would be paying a landlord and losing all your money forever vs paying a mortgage company for the rest of your life that is being subsidized by the us govt. It would raise the cost of living in a home too much for many because of higher taxes.
The system is effin broken.
Whether it's health care, home ownership, insurance, whatever.
We're #^&#^&#^&#^&ed no matter what.