A lot of us live in significantly higher priced 1979 or older housing, which is way more expensive as a percentage of average income as far as monthly payment g

A lot of us live in significantly higher priced 1979 or older housing, which is way more expensive as a percentage of average income as far as monthly payment goes compared to back then. Similarly with cars, they still got you from a to b in a good enough fashion. It’s the 80/20 rule, and many people would buy 1979 level items if they were available at 1979 prices.