[wrigglingworm]

The median price of a home in the United States is currently $412,020.

Median weekly earnings of the nation's 122.1 million full-time wage and salary workers were $1,118 in the third quarter of 2023 (1118x52=58136)

412,020/58136=7.09 years wages to pay off a home

Median house price 1980: $64,600

The 1980 median family income was $21,020

64600/21020=3.07 years wages to pay off a home

https://www.redfin.com/us-housing-market

https://www.gobankingrates.com/investing/real-estate/how-muc...

https://www.bls.gov/news.release/pdf/wkyeng.pdf

https://www.census.gov/library/publications/1982/demo/p60-13...

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more detail

2023:

412020 30 year loan at 6.5% =

Total principal paid $412,020

Total interest paid $525,508.80

Monthly payments $2,604.25

58136/12=monthly salary of 4844.6

53.7% of monthly pay going to home loan (at 0 down)

1980:

64600 30 year loan at 14% =

Total principal paid $64,600

Total interest paid $210,953.77

Monthly payments $765.43

21020/12=monthly salary of 1751.6

43% of monthly pay going to home loan (at 0 down)