I can't confirm this because she took her account into private
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Is the housing market screwed up, yeah sure. It's bonkers. My house would list for twice what I paid for it just 6 years ago.
Still though, I'm quite familiar with the housing market and am well aware of housing prices. Have I bought anything with the current rates? No. I probably will in a couple years though and I can still make money on it.
I'll give a real example I just picked this house right out of the most middle of the country. I've never lived in the area but I know that area a bit and it's pretty decent. 25mins from the OKC CBD where any working professional can get paid enough to afford it. Here's a house for sale, $281k, 1935 sq ft with 3 bedrooms. Doesn't appear old and falling apart. https://www.zillow.com/homedetails/7320-Stinchcomb-Dr-Oklahoma-City-OK-73132/60558162_zpid/?
30 year mortgage for someone who can only scrape up the FHA 3.5% down payment with taxes and insurance is going to be in the $2,400 a month area. That's with today's insane interest rates. If we hadn't gone nuts giving away inflation money to Covid panic, that would be a $1800 house payment just from lower interest alone.
There are loads of examples like this all over the country and in some cases it gets better if you are more remote.
I actually just looked around my town for some places. I found plenty that were monthly mortgages in the $1,800 range for 3 bed, 2 bath homes, which would be a home for a family so you would expect multiple people paying in on it. And most apartments rent for around $800/month and cover almost all utilities except internet.
Wow, $800 a month. Maybe I should move. That's not much more than I was paying for my first apartments close to 20 years ago.
I guess Kansas exist in a timeskip where all of this stuff with the modern world passed us by then. Because a lot of what is around me is still what it has always been. Looking at my local Zillow right now, rents in the $1,000+ range get you an entire house, never mind an apartment.
Which is why this sort of stuff is entirely within range of being affordable to all but the most destitute of people. And as a tradesman myself (machinist) I can make plenty to afford this stuff and still have enough to save and invest.
I could definitely live in Kansas. I don't think I'd want to be in the west. That's a bit too remote for me. I stayed in Wichita a few years ago, I would have no problem being in the sub-suburbs of there or a nearby small town.
Honestly, I like Texas and I've lived here almost 15 years, but the influx of business is not going to be good for the state. I'm pretty well set in a house I have on reasonable terms in an area that shouldn't grow up too much now, so I stay because I have no friends elsewhere. If suddenly all my friends disappeared I'd be looking to move. I'm glad I moved out of growing metro suburbia hell 6 years ago. It's just getting too busy and there's corporate offices and stuff popping up all over the place.
From what I know even machine programmers get paid like shit, how can you afford a home?
Plenty of normal people can afford that. That could be done on a $75k annual salary fairly easily in Oklahoma where you'd net $4,500ish a month after taxes. Take off money for utilities and a car and you're living on $30-40 a day for food, gas, etc. Is it going to work for some guy bussing tables, no, but $75k is well within the average pay for professional or skilled labor with 10 years of experience.
I fall in that Millennial age range as much as I hate to admit it and I pulled it off. I know a much younger person that just got an engineer job at a defense contractor. He's definitely in that pay range. He's 23. I've known him since he was 12. Only luck he had was having parents that raised him right. Didn't grow up rich. Worked hard and went to a college out in the country and didn't waste it away partying at some big name tranny factory university. I know another that spent his 18-25 years not doing shit to learn anything useful. He works at a warehouse and lives with his parents with no end in sight.
I get it, shit sucks and it's a hell of a lot worse than when I was a 20-something. I also look around and see so many people just make excuses and give up.