And that is why Trump finds fertile ground in fly-over country - there is a seething resentment against the major population centers.
I say that because I have relatives in places who exhibit that behavior. They hate California, New York, etc. Not for any rational reasons. It’s their target to pour out their anger.
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Vast swaths of this country are rural areas where one can by an early 20th century house (in probably not the best of condition) for less than one can buy a new luxury-brand car.
So yes, $400k is a lot of money in a great portion of this country.
Not so much in SoCal glitterati neighborhoods, though.