[throwaway3b03]

> if the average person can save 10% of their income, it takes 8.8 years to save a 10% down payment

Not according to this article, where it mentions the average household income, not the average per-capita income. So you can expect it to take quite a bit longer than that to save for that down-payment, for the average person.

[sgt]

Then the average person just needs to leverage some pre-existing wealth. Sell some property that you already have, make a decent profit! /s

[dzhiurgis]

Sun article half year ago said 27 years assuming no price change