Earlier quoted context omitted.
$60-100k salary is not enough to support a family and retire; it's probably not enough for a single person to make meaningful progress towards retirement because at that level of pay home ownership is constantly out of reach and inflation outpaces wage growth. It's sacrificing your life so someone else can get rich.
In today's environment, home prices really seem to be getting nuts. As I said, anyone in software is likely making over $100K. A $500K house with 20% down would have a P&I payment of $2,715 / month (at 7.2%, plus taxes/insurance.) That's less than $33K / year. (I bought my first house for $155K making $55K / year, and my second house for $390K making $100K.) If you're making over $100K, and spending under a third of…
Hundred year-old teardowns are two million in our neighborhood. 60+ y-o condos are $800k. Redfin est payment/mo: $5,974. Just the property tax and HOA fee is over $1,000 a month.