A $320k house with 20% down and 2.75% interest rate comes out to $1,045 a month on a 30 year mortgage. Plus insurance and tax it would probably be a couple hundred under $1,600.

But even so, a single guy making $55k a year can 100% afford a housing payment of $1,600 a month. In my mid 20s when i was single I was making in the upper 40s, had a $900 rent, and was saving over $1,000 a month. Was I living a lavish lifestyle? Absolutely not, I had a roommate in a shyt 100 year old walk up apartment, I was packing lunch and cooking dinner every day, barely ever had alcohol, etc. But I was making chit salary and didn't feel I was entitled to a lavish lifestyle. I decided to save my money instead. I now make 75k and own a house and am able to live a slightly more lavish lifestyle but I still know I can't afford everything I want.

Young people today need to realize they aren't entitled to everything they want. You can't live a lavish lifestyle, own a house, and only make 55k a year. You CAN pick two of those though, but not all three.