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How are people under 40 buying a house (big cities)

I own a few properties and sold a few during 2021-2022 as the property value increased by 150-232%. Having property in a few west coast locations that I rent out (4K-5K) a month, I got into a conversation with my wealth investor about how on earth young people are supposed to stand a chance at a house between student loans, low paying jobs (50-80K), when not living in fly over states. What’s your crystal ball thoughts on how younger generations stand a chance when starter homes are half a million plus? I pray it’s not a 30 year loan with 3% down. I fully admit I’m part of the problem. I had a house I bought in 2016 for 600K listed for 1.3M summer of 2022 and got into a bidding war to 1.5M in fucking Salt Lake City.

submitted by /u/arlyte
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source https://www.reddit.com/r/RealEstate/comments/113wp8l/how_are_people_under_40_buying_a_house_big_cities/
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