I wouldn’t want my S, who is 24, with good paying job, to buy now. IMO, the market is too frothy. Plus, interest rates are going to rise (3 planned for next year) and the loss of property tax deduction is going to hurt a lot of home owners - especially in the Boston/NY/DC corridor.
I “see” a big correction coming. Every time there has been big tax cuts for the wealthy and corporations (going back to 1921!) there has been a significant crash in US economy within a decade.
Also, young people don’t stay in jobs very long these days. My S only worked at this first company 1 1/2 years before leaving for another job. I have no idea, and either does he, how long he will be in at his present company, but I would be surprised if he was still there in 5 years.