Not if you buy the land at a tax sale, built it yourself, and live with bare essentials.
Lets say there are two people who want a home, one person builds theirs and the other buys theirs via a loan.
Both are looking for a $200,000 price range. The one who is buying a prebuilt home is going for a 30 year fixed rate mortgage.
* Solar Panels - $1,000
* Building Materials - $10,000
* Land - $2,000
* Well Drilled On Property /w Electric Pump, Filter, and Tank - $10,000
* Backup Power Batteries - $1,000
* Composting Toilet, Sink, Kitchen Appliances (All top of the line) - $20,000 (You can save a LOT of money here by skimping on the stove and fridge)
* Nice HAM radio set - $1000
* Satellite internet hookup - $500
* Zoning, Permits, Safety inspections - $1,000
Total Approximate Cost: $46,500
This is with very heavy rounding upward. Granted, this home will be small, likely no basement, and two stories. But it will be very comfortable living if you build it yourself.
You will be able to maintain everything, no more rent, no more service fees, no more power/water bill.
So, just to give buying a home a better fighting chance, let's make this humble home a super humble home.
* Aerogel-Composed insilation: 40,000
* Super Efficient NAS/Server: 5,000
* Some more battery capacity: 5,000
* High efficiency HVAC system: 30,000
Added Cost: $80,000
Total Approximate Cost: $126,500
Now lets start going to where money can buy, but you just need a lot of patience.
* Why not launch a small satellite in geosynchronous orbit? $100,000
* More HAM equipment for tracking satellites. $5,000
* Underground bunker underneath your home. $60,000
Added Cost: $165,000
Total Approximate Cost: $291,500
Both where able to get into their homes within 2 months, both started out with what was probably going to need some work over time.
The home buyer paid $340,427 in total, along with extra taxes.
The home builder got a $291,500 and did some really cool shit if you ask me.
Yes, I am exaggerating a little. But you get my point. You can always make your dreams come true.