Getting a property with $170,000 student loan

General
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The title says it all. It’s embarrassing and nearly comical to post. (If it wasn’t so depressing).

Is there any hope or ideas?

I’m getting close to being able to pay off my short-term debts: automobile, $5,000 college loan, and medical debt.

Even a “cheap” house easily puts me in over $300,000 of debt. The strange thing is that I make around $100,000 per year, but much of that is paid in bonuses, so my monthly income does not reflect that (and goes to the aforementioned debt, which I have only been making for about a year). In my neighborhood, the rent for 700 square feet is around $1,500 or more.

Has anyone been able to buy a property despite significant debt? How?

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It makes no difference how much debt you have; I had over $100,000 in student loans and it was never an issue because I was always on the income-based repayment plan. If you get a private loan, you’re probably screwed.

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Homeownership involves more costs beyond the mortgage, such as property taxes, upkeep, and insurance. Include these expenses in your planning to prevent financial strain from excessive housing costs.