1950 home prices😬 
Discussion
Monthly payment went up 10x/15x.
House cost went up 100x/150x .
LOL
Median income at the time was $4200 as well, compared to $54000 today, with a median 2bd 1 bath home costing about $128000. So 25% more expensive today in wages than 1950.
Of course, this doesn't take into account that you can't spend all your wages on a house, so an increase of 25% could be several years of additional payments. In 1950 the fed had rates at 1.59%, so if we assume a 3.5% interest rate, your loan term would be 18 years, paying 1/7th of your annual income. Today, at a 7% interest rate, you would not be able to find a loan where you pay 1/7th your income, the loan term would be 50+ years. To manage a 30 year loan, you would have to pay 1/5th of your income, and to pay it in 18 years you would have to pay nearly 1/4 of your income.
So, a 57% increase in monthly payments at the end there.
