Only looking at home prices compared to salary is very misleading because it doesn't account for changes in interest rates. Mortgages were almost 20% interest in the 80s. Cheaper doesn't mean much if you still can't afford the monthly payment.
Also looking at average price doesn't account for the rising quality of housing. In the 1980s the average home was around 1,700 square feet. Today, it is nearly 2,700.
Also looking at average price doesn't account for the rising quality of housing. In the 1980s the average home was around 1,700 square feet. Today, it is nearly 2,700.
https://fred.stlouisfed.org/series/MORTGAGE30US
https://www.newser.com/story/225645/average-size-of-us-homes...