They mean they will never own a home in two of the wealthiest cities in the USA - San Francisco or New York. There’s a few other really expensive cities as well. It’s really easy for most properties to list for 1 MM min, even a 3 bed 1 bath house on a quarter acre lot.
The solution is easy, don’t live in an expensive city. Or inherit property from relatives who lived there 50 years ago. Or have a rich spouse.
The most common way I've seen it done in New York suburbs is to buy a multi-family home and split it between family. Houses with three generations of family living in them are quite common.
The solution is easy, don’t live in an expensive city. Or inherit property from relatives who lived there 50 years ago. Or have a rich spouse.