"first-time home buyers in the city looking to purchase a home will need to save at least $16,427 a year—or $45.01 per day—for five years in order to afford a median home price of $547,575.
Researchers based their findings on saving for a down payment of $82,136, or 15%."
Your mileage may vary. I did it in less time with $30,000 down on a $390,000 house, but that was also in 2021 with 3.25% interest.
Of course this assumes you’ll be able to swing a low enough interest rate that you’ll be able to afford the payments on the other 85%. Which, if you are struggling to rub two thin dimes together let alone save $45 a day, is not usually going to be the case.
In short, fuck capitalism.