[hcmama]

Our first mortgage was 8.5%.

But there is a heck of a lot of difference between financing $144,000 at 8.5% and financing $450,000 at 8.5%, even when accounting for wage growth

[millenial4freedom]

yup. for those buying a home today, the issue isn't necessarily rates...it's the fact that the ratio of median home price to median income, historically around 3, blew up to 5 in 2022 and has stayed around there since.

wage growth hasn't come close to home price growth in the last 20 years...