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I can't help but feel this is another bubble. I'm paid very well, in a not well paying region. So I'm wondering where all these folks are getting their money from. Even those new Ryan Homes which are cookie cutter and made out of pure vinyl are going for $250K. Maybe my doom-ish outlook is because I'm a millenial so I'm used to everything being bad.

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cheap loans for some, and inflated asset prices for those who own assets. Most people don't think "can i afford this house", they think "can i pay the monthly payment". Add to this the frenzy of asset prices increasing and FOMO, you get a real situation where people who were waiting to buy, buy now because they think they will miss out on cheap loans and increasing asset prices.

same. even though I make good living, buying house seems difficult - it's a lot of money for many years. add closing costs and misc repairs, and owning appears to be quite expensive. I wouldn't know what to do if at any point within next 10 years I lost the job.

Are there not any alternative employers where you live (including remote)? Do you have an emergency fund to cover living expenses if you lose your job? The reason I pry is 10 years is a long time to not be able to get together a 3-6 month emergency fund (if you don’t already have one).

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