Unfortunately livable houses for that price don’t exist anymore for most of the US and making 50k is still a pipe dream. I don’t even make that much and I have a Master’s degree.

If I may ask, what industry are you working in, that you have a master’s degree but earn so little?

This is a whole different discussion than the one we’re having about home ownership vs renting, but I don’t think anyone who’s established by the time that they are in their 30s would be making 50k, they would be making a lot more, somewhere past the 100K mark for most professions, in the US at least, major cities.

In any case, I wouldn’t suggest purchasing a home if you only had that much income available.

Apologies if this offends in any way, it is not meant to.