Given the dynamics of nominal GDP per capita, and mortgage rates falling from 8% in 2000 to 3.6% now, it means real price increase of only 37.5%. Is it such a b

Given the dynamics of nominal GDP per capita, and mortgage rates falling from 8% in 2000 to 3.6% now, it means real price increase of only 37.5%. Is it such a big deal? Especially since, in both cases, such a house is affordable to the high middle class only, who's income growth is certainly faster than the average because the income distribution got more unequal since 2000.