Reply #55: many people who follow that advice will never own their own home

[pitohui]

people in london, manhattan, los angeles -- who put off buying until they could make a large down payment are now priced out of owning property forever

in some markets, the highly desirable ones, the prices rise faster than an honest person's income can

so if you rely on hard work and savings, you can rely on being a renter until you die

this advice is fine for low income areas or rural areas, it's poor advice for many popular urban areas though