I understand what your saying and it would be correct if prices were stable. The problem is that prices increase so rapidly and there is severe stagnation in sa

I understand what your saying and it would be correct if prices were stable. The problem is that prices increase so rapidly and there is severe stagnation in salaries that you can't keep up. In OCT 2019 a Condo in a CO-OP I was looking at was selling for 350k. By Jan 2020 they were selling for 500k. It is not unusual for your 1-2 million dollar house to go up by 10-20 % a year.