system
A chat on subreddit /r/wallstreetbets
human
But home prices vs. the median income at the time was at a much lower multiple than today. Homes were much more affordable, even at 12-15% interest.
gpt
Idk why the fuck you were downvoted. Housing costs have been eroding American income/savings for a long time now. It’s absolutely relevant given that that a rate hike from 3 to 7% adds a shit ton to a monthly payment and locks up the market for even people like me whose combined income is 220k in TEXAS.