I live in a somewhat rural area, and while I haven't gotten the house appraised recently, I talked to someone not too long ago and he said houses(really the land) are going for roughly 10x what I got it for (in 2001). I couldn't afford it if I wanted, now. But sure, home ownership is just fine, that's why I'm the only homeowner* in my peer group. (*technically in a trust, for me)
The reason homeownership is fine is that there was a burst of home purchases in 2021 right before interest rates went up, and the US has fixed rate mortgages. We know it's fine though because of national statistics, eg:
Sounds like you own it though. So you could afford an equally priced piece of land if you sell that one. Most people's houses are the largest component of their net worth, so it of course looks bad if you leave it out of the calculation.
(This is why blocking housing construction is bad for the elderly though - it makes it hard to downsize so you can't use your housing net worth towards retirement as easily.)
Other approaches which many people do include having your parents help with the down payment or inheriting.
And of course land value tax would solve this. So would upzoning, which would allow 10x more productive use of the land.
While I do appreciate the injection of statistics in this (really), it doesn't change the fact of my house being inheritance and approximately 0 of my local friends owning their own homes despite being of the age where they should at least have a mortgage. Maybe things are going well overall, and I'm glad. But I don't see it.
It's best to enjoy experiences and having perfect weather is fantastic. I'd live in Colorado if I could, but I'm stuck in Mississippi for reasons. The weather is pretty decent(way too hot in summer, way too many tornados, no snow most years which sucks); worst part of living here is other people but I'm pretty sure that's everywhere.
