In my country for subsidized house, middle and lower income class spend 25-30% from their salary to pay monthly installment for around 15 years. Rent or mortgage cost , transportation cost, and consumption cost is three biggest monthly regular expenses and mostly their salary can not cover it, so they take consumption credit and no space for saving. So the challange for middle and lower income class is to well manage these three cost component as economically as possible and balancing life strategies. I also admit that this housing crisis mostly happen due to property inflation is faster than our salary which showing wider economic problem. From my experiences financial safety comes first before lifestyle. Even house is primary needed but i see many people forget that financial stability is more important  than a house prestige, they force themselves to stay on more expensive house for comfort and social status, it is not wise They don't have spare for emergency fund saving. For me as long as my house habitable, have safe environtment and support my family daily activity, it is quite enough. So my suggestion, choose affordable housing location, beside reducing expenses, increasing income is a must, just ensure financial safety first because financial health is our all purpose after all not only have a house.
In my country for subsidized house, middle and lower income class spend 25-30% from their salary to pay monthly installment for around 15 years. Rent or mortgage cost , transportation cost, and consumption cost is three biggest monthly regular expenses and mostly their salary can not cover it, so they take consumption credit and no space for saving. So the challange for middle and lower income class is to well manage these three cost component as economically as possible and balancing life strategies. I also admit that this housing crisis mostly happen due to property inflation is faster than our salary which showing wider economic problem. From my experiences financial safety comes first before lifestyle. Even house is primary needed but i see many people forget that financial stability is more important  than a house prestige, they force themselves to stay on more expensive house for comfort and social status, it is not wise They don't have spare for emergency fund saving. For me as long as my house habitable, have safe environtment and support my family daily activity, it is quite enough. So my suggestion, choose affordable housing location, beside reducing expenses, increasing income is a must, just ensure financial safety first because financial health is our all purpose after all not only have a house.

In my country for subsidized house, middle and lower income class spend 25-30% from their salary to pay monthly installment for around 15 years. Rent or mortgage cost , transportation cost, and consumption cost is three biggest monthly regular expenses and mostly their salary can not cover it, so they take consumption credit and no space for saving. So the challange for middle and lower income class is to well manage these three cost component as economically as possible and balancing life strategies. I also admit that this housing crisis mostly happen due to property inflation is faster than our salary which showing wider economic problem. From my experiences financial safety comes first before lifestyle. Even house is primary needed but i see many people forget that financial stability is more important  than a house prestige, they force themselves to stay on more expensive house for comfort and social status, it is not wise They don't have spare for emergency fund saving. For me as long as my house habitable, have safe environtment and support my family daily activity, it is quite enough. So my suggestion, choose affordable housing location, beside reducing expenses, increasing income is a must, just ensure financial safety first because financial health is our all purpose after all not only have a house.

In my country for subsidized house, middle and lower income class spend 25-30% from their salary to pay monthly installment for around 15 years. Rent or mortgage cost , transportation cost, and consumption cost is three biggest monthly regular expenses and mostly their salary can not cover it, so they take consumption credit and no space for saving. So the challange for middle and lower income class is to well manage these three cost component as economically as possible and balancing life strategies. I also admit that this housing crisis mostly happen due to property inflation is faster than our salary which showing wider economic problem. From my experiences financial safety comes first before lifestyle. Even house is primary needed but i see many people forget that financial stability is more important  than a house prestige, they force themselves to stay on more expensive house for comfort and social status, it is not wise They don't have spare for emergency fund saving. For me as long as my house habitable, have safe environtment and support my family daily activity, it is quite enough. So my suggestion, choose affordable housing location, beside reducing expenses, increasing income is a must, just ensure financial safety first because financial health is our all purpose after all not only have a house.