Most tradespeople I know can’t afford “hair over seven” figures for a home. Everyone in your neighborhood is house poor. They are banking on equity. They had a sizable upfront down payment.
Like I said, all the tradespeople I know are struggling with lower 6, much less hair over 7.
House poor and asking for family assistance is something thats common even where homes are $200k. More than half of american home buyers use family assistance. The fact they are in the market at all at nearly $1m median prices on trade wages is incredible, family assistance or being house poor while you pay down to get rid of pmi or not.
Like I said, all the tradespeople I know are struggling with lower 6, much less hair over 7.