You also need to be able to afford a down payment and still have a reasonable cash reserve. That there pretty much puts the majority of the population out of play.
Yes, it puts a large number of people out of play--but not software developers.
That's why I recommend it to them.
You can find deals for $100k where you put down $10-$20k. Which is a lot of money, yes, but I know it's possible, because I saved that much in a year as a SW dev.
And then you can have cash reserves of $5k or so (which could be 401k or something else.)
