Today’s younger people don’t really understand what you are saying. The idea that some today are paying a monthly payment equal to what people in the early fifties paid for a house does not compute, even though you and I know it is true. I was born during WWII and I can well remember reading real estate ads offering many listings for five thousand dollars or less. Even after I reached adulthood there were houses available in this area for less than ten thousand dollars. A person earning a monthly sum equal to what my father earned in a year back in the fifties will have a hard time supporting himself now and Dad was a master carpenter supporting four sons and a wife.
$3,000-5,000 "new" homes....My folks bought a brand new home for about 4k---On a *single* income... People nowadays pay that much every couple of months just in mortgage payments alone...lol..
Mom never had to work....Dad had the same secure job for 25 plus years with a great retirement package and full family medical benefits...
I remember Dad saying, "Gimme a bucks worth of regular" for the massive V8 station wagon....lol..
Life was really good in the late 40s, 50s and most of the 1960s...
America today isn't the same place.