Yeah, you do need to make over $200K per year in order to afford a house by reasonable standards in this county unless you want to live 50 miles from the coast or live in a dangerous neighborhood.
I know a guy who makes low 6 figures and he’s got a huge house loan. He sleeps in the laundry room and rents out the real rooms in his house to make ends meet.
I would not try to guess what direction interest rates will take. If they really will lower interest rates, the economy may be so bad that you may not want a house or you will not have a job.
