If you are a single person or a married couple making 100k a year and can't afford a home, you need to look at your other lifestyle choices, that or you have a ton of other debt like student loans.  I work in software, most of my co-workers are millennials, the millennials are all single all making well in excess of 100k a year, but had so much student loan debt that they had to pay off their loans before they could even think about buying a home, and yes, they were looking at pretty modest homes and ones that need a bunch of work so no, they aren't all looking at 4000 square foot mcMansions down in Highlands Ranch, as one co-worker put it, "I can only afford the smallest crappiest house on any block".  They all seem to understand that a first house is probably not going to be great, but a stepping stone, but the prices are pretty high when a guy making 100k a year has to struggle to afford to buy a home.