Easy to buy a condo in Silicon Valley on an Engineer's salary. For as little as $350,000 you can have your own place. If you're a first time buyer you can come in with 10% down; an engineer can easily save up $35,000 not long after they graduate from college.
Once you buy the first property, you hold it for 5 years, sell it and move up to a bigger place, single family home.
No one is expecting a newly-graduated engineer to buy a $1 million dollar home. Who CARES what the big ones cost, these types of headlines are hyping a scene that doesn't exist, "a million dollars! I'll always be a renter!" NO, save up $$ for a year or two and buy that first condo. Then you're on your way as a 'move-up' buyer every 5 years or so -- selling the old place, buying a bigger place.
Here's one: http://www.realtor.com/realestateandhomes-detail/1060-S-3rd-...
Once you buy the first property, you hold it for 5 years, sell it and move up to a bigger place, single family home.
No one is expecting a newly-graduated engineer to buy a $1 million dollar home. Who CARES what the big ones cost, these types of headlines are hyping a scene that doesn't exist, "a million dollars! I'll always be a renter!" NO, save up $$ for a year or two and buy that first condo. Then you're on your way as a 'move-up' buyer every 5 years or so -- selling the old place, buying a bigger place.