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Comment by anon291

6 hours ago

for our parents generation, mortgage rates were 10%+

And the mean house sale price was under $96k (which is still under $250k, adjusted for inflation).

From roughly 1953 to 2000, the inflation-adjusted cost of the mean house was around $200k-$250k in today's dollars. Now it has nearly doubled, and mortgage rates are on the rise and headed back towards 10%.