Reply #102: In my city, a barely more than 900 square foot house

[MissB]

in a not-so-great neighborhood (i.e.- nightly gunshots) goes into a bidding war (even with mold issues) and sells for damn near $300k.

I don't think the issue is with people with $100k salaries not being able to afford a *median* house price of $500k. I think the issue is with the median house price being so high that houses are unaffordable to many, many people.

When people with $50k to $80k salaries are getting into bidding wars over shitty $300k houses, there isn't anything to be said about people moving "down to anything other than the super rich level as far as housing". It isn't the reality of the local housing market.

It is simply a struggle to find a reasonable home in the local housing market, no matter what the income level. If you have a kid, you aren't going to be looking in a ghetto either (not that we technically have any ghettos around here). I really feel for first-time home buyers in our area.