For $30-40K you could get a full blown decent size home with large amount of land, 4 bedrooms & two car garage. Today that type of house ranges from $400K-$1.4 million depending on location.
So you have to be making $250-$900K a year to afford a house like that (even if you made $900K you'd lose most of it in taxes)
It really doesn't matter that interest rates are low-you will still owe a ton of money to buy a home that is well in excess of your salary.
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