The graph isn’t based at 0%, but near 2%.
The graph is intentionally misleading.
True, but less misleading than an entire article anchored to one of the worst post-WWII years to buy a home.
A better article would produce a time series median home price, median home income and 28% minimum mtg payment capacity, avg 30-year fixed rate mortgage payment, and relative ratios by year.
That would present clarity to the extent to which there is a “housing crisis.” However, it’d probably reveal the author’s bias.
“The graph is intentionally misleading.”
No its not.