>>21322749If you're in some fucked area like NYC maybe.
If you're in a sensible area then home prices will be higher, as will wages and everything else due to inflation. The question is how much higher will home prices be.
With my savings rate I can save upwards of 100k within 5 years. Assuming everything stays static of course, but that type of savings rate is insane and beats out any price increases.
Most people save up 10 years for a 40k downpayment. That takes me under 2 years. If I can put a decent down payment that keeps the mortgage relatively low I odnt have to give up my current lifestyle. I can keep cruising.
Oh shit an unforseen 1k expense this month? No problem. But if I get a mansion now and its 60% of my salary Im gonna be budgeting and sweating my monthly expenses for the next 20 to 30 years.
