re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home

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Not everyone lives in the small crappy town they were born in. If you’re in a new place you need opportunity to meet new people and not jimmy from down the block you knew since grade school.

The amount of boomers or deluded gen x is amazing. Like look at your kids

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I am a Gen Xer and have a millenial son and whatever the next generation is called daughter. I worry sick about them being able to afford to live in the United States. He has a decent job for his age and experience. He did the right thing, got a degree, has stayed out of trouble, has not knocked anyone up, has not gone to jail...and he only has about $12K in student loan debt. He is SO far ahead of most of his peers it is stunning...and yet his owning a home is so far down the road that it scary.

I owned a home at 21. I was EXTREMELY FORTUNATE. I also owned a new truck, or me and the loan company did. I also worked full time and as much OT as I could and went to school 4 nigts a week taking a full load at a vo-tech and Southern Tech in an engineering program. Vo-tech to learn a trade, college to go beyond that. I paid for college out of pocket, trade school was paid for by my signature on a letter of indenture. That path to career and home ownership no longer exists and was almost a thing of the past when I finally earned a degree....a kid would have to earn $100K a year to do what I did today. Most peoople my age do not realize this...and have done their kids and their grandkids a GRAVE disservice. I don't know how they manage....