Nawh, not even. The truth is it takes 550k/yr TC to buy a basic house ($1.6M) in exactly the neighborhood where I grew up in scrubby yards and broken sidewalks south San José. In SF, it takes 720k TC to afford a regular house ($2.5M). Boomer and Greatest generations got Prop 13 extra low property taxes (like $1064/y because it's 1.4% on $76k valuation) and then everyone else pays 1.4%/y (14k) on a million+ house at market value.

No it does not take $550k/yr to buy a $1.6M house. But all this will vary based on your timelines what your nest egg currently looks like, etc.

But also, you don't have to buy a house. Median rent, groceries, car payment, etc. in San Jose aren't gonna run you more than like $7k/mo. After taxes on your income you should have about $100k after essentials are all paid for. That's more than enough to basically live whatever life you want.