I think that's where the "Nvidia money" comes into play. I live in a VHCOL area and according to redfin/Zillow data, almost every house recently sold near me were paid for with between 40-60% down payment. If that's the case, mortgage starts to become manageable if you rent the property out.
Edit: for context, it is the orange county area where average home price is $1.4m afaik.
> If that's the case, mortgage starts to become manageable if you rent the property out.
Sure, with a large enough down payment you can make the mortgage low enough to be cash flow positive if you rent it out.
This does not make it profitable though! You'd have to consider the opportunity cost of putting that huge amount of money into a down payment instead of into some ETF.
Edit: for context, it is the orange county area where average home price is $1.4m afaik.