Times are changing
Housing values have dropped to the point where you can now pay your mortgage payment with one weeks pay.
In some areas in the SF Bay Area they are half of what they were a year ago. You can buy a 3 bdrm 2 bath 1482 sf. house for $123k and with low interest rates your payment is only $572. per month.
With the median household income at $50k, you gross $962 a week, so you can also pay your mortgage payment, taxes and insurance after taxes with one weeks pay. If you look a single median income you can still make your mortgage payment weekly.
Check out this deal in Inverness. Never would I have thought this 2 acre water front property would go this low.