BREAKING: U.S. 30-year fixed mortgage rates highest in 23 years, hitting 7.5%. 
Discussion
Wen cheap houses?
The last time mortgage rates were 7.5% you could buy a house for 100k. Today that same house costs over 500k.
Don't confuse the boomers with reality
I think my first house was 7.25%
The Big Short comes to mind...