[blagie]

> Homeowner seems optimistic - how or when are they saving for the downpayment?

In most cases, the scenario described involves families who have been in the US for several generations, who are poorly-educated, but own homes and land. One parent takes care of kids. One works.

It's not uncommon.

Wealth and income aren't as strongly correlated as people assume. A lot of immigrants are low-wealth, high-income, while a lot of American families have generational wealth, but little income. There are plenty of families with >$1M homes with $30k incomes where I live. And there are plenty of families with >$100k incomes, who can't afford to buy homes here too.