What I have seen is youngsters buying a house without having a plan in case their job moves, slows down or they decide that “this town ain’t big enough for me”.
Three of the houses in my neighborhood were taken back by the bank when the last oilfield slowdown happened.
One kid, 26 had a $350k house and had been making upwards of $120k for 5 years. His own fault that he spent his paycheck on toys rather than paying off the house.