Boomers will see this chart and say you just need to start making coffee at home…
1985:
Median Household Income - $23,620
Median Home Price - $83,200 (3.5x)
2022:
Median Household Income - $74,580
Median Home Price - $468,000 (6.3x)
Discussion
What was interest rate? I bet it was much higher so the monthly payments are similar.
The only issue is since covid interests have exploded so it is issue only of last 4 years.
Just remember- it’s boomers who recognized the enslavement of the fiat system and were at the forefront of developing ₿.
They are the ones who will tell you- you need hard money - ₿. Making coffee at home won’t cut it.😉