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Maybe if people concentrated on the necessities instead of their having a 50inch screen TV, 200 channels for their TV, the newest smart phone with the full coverage package, PlayStation 4 & XboxOne and every game, latest fashions in clothing, drugs, alcohol; along with raising taxes on those who do own homes, apartments, and businesses; etc,... they could afford to rent or buy a home?
*****SMILE*****
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Maybe if the government made homes more affordable instead of making luxury items more affordable, as they did in the 90s then saving for a house loan might seem within reach. As it is, most people look with depression at their last 20 at the end of the pay week and then opt for the bottle.
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A $50,000 home is well within the price range of a young couple when the overall mortgage is around $400 a month with no money down, even if the couple are working for minimum wage. The key is having the skills to do the repairs themselves and not spend their money on things that are not necessities.
*****SMILE*****
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median home value in NYC is $650,000 in LA its $570,000. you can't even rent a 1 bedroom apartment for $400 much less a whole house. And if you think that all of america could move into that town and housing prices will stay at $50k each you dont understand basic economics