Why You Can't Afford a House Anymore (Even With a $100K Salary)

You make $80,000 or even $100,000 a year, so why does buying a house still feel impossible? The American Dream used to be simple: get a good job, save some money, buy a house, and start building wealth. But for Gen Z and millennials, the numbers aren't adding up anymore. Between expensive home prices, mortgage interest rates, down payments, property taxes, and insurance, even people earning six figures are struggling to afford their first home. In this video, we're breaking down what's actually happening in the housing market, why homeownership has become so expensive, and what you can realistically do if you're trying to buy your first house. We'll cover: Why a $100K salary doesn't go as far as you think How mortgage rates can add hundreds of dollars to your monthly payment Why existing homeowners aren't selling The real cost of buying a $500,000 house Why lower interest rates won't automatically fix housing affordability Renting vs. buying: Which makes sense for your situation? How to financially prepare for your first home Whether you're saving for a down payment, waiting for mortgage rates to drop, or wondering if you'll ever be able to afford a house, this video will help you understand the numbers behind today's housing market. 💬 Let's talk: How much does a regular three-bedroom house cost in YOUR city? Drop your location and the average price you're seeing in the comments! Subscribe for more videos about personal finance, real estate, investing, building wealth, and navigating money in your 20s and 30s. #HousingMarket #GenZFinance #RealEstate #FirstTimeHomeBuyer #PersonalFinance #MortgageRates #Homeownership