I mean I see comments like this from a lot of people, but if you're in the top 1% of income in America you could probably buy a house in pretty much any urban space outside of major tech hubs/NYC.
A lot of people don't want to live in the suburbs, or in a "2nd tier"/up and coming city, but they are still very affordable, especially for someone in the top 1% of incomes.
It's a bit odd to describe it as "dire". You earn more than 99% of Americans, and people who earn less are still buying a ton of houses. You could probably rent for the rest of your life and still have a higher NW than 90% of Americans.
If you do really want a house you'll probably need to make some concessions on your demands, but tons of people do that anyway, and they are buying a house and they probably are not making 1% level income.
A lot of people don't want to live in the suburbs, or in a "2nd tier"/up and coming city, but they are still very affordable, especially for someone in the top 1% of incomes.
It's a bit odd to describe it as "dire". You earn more than 99% of Americans, and people who earn less are still buying a ton of houses. You could probably rent for the rest of your life and still have a higher NW than 90% of Americans.
If you do really want a house you'll probably need to make some concessions on your demands, but tons of people do that anyway, and they are buying a house and they probably are not making 1% level income.