People making $20/hr (even dual $20/hr incomes...) are not the ones buying million dollar homes. Not unless they've already got a significant amount of money saved / a house to sell that's got no mortgage on it. $20/hr is $39k a year. A million dollar house needs a 200k downpayment - you can't do anything less than 20%... the mortgage payment on that is $4269/month. Even at the some of the best rates you could get before rates started going up, it would have been around $3300/month. And that's before taxes. There isn't a bank around that's going to give someone a mortgage that chews up nearly 80% of the money they bring home just for the mortgage.
That's not to say that there aren't people that are completely financially dumb however... if a bank tells you that you can "afford" a $800k house, you really shouldn't buy a $800k house. If you do that, you really won't have much left over money every month to buy furniture for the new house, maintenance, cars, etc. Or... pinball machines!
