If I apply the same calculation today, on a minimum wage of $7.25… Wage: $7.25/h per-month affordable: $362.50 median home price: $374,900 3.519% fixed

If I apply the same calculation today, on a minimum wage of $7.25… Wage: $7.25/h per-month affordable: $362.50 median home price: $374,900 3.519% fixed, 30-yr 20% down required monthly payment -> $1,350 which is unaffordable by a factor of almost 4x. In fairness, the comment chain you're responding to is talking about the thing you're responding to in your comment, but I think the increase in unaffordability at the minimum wage still speaks to the problem: while it wasn't likely to allow home ownership in the past, but it's even less possible now, and that translates up into the higher wages where people then might have afforded a home, but cannot now. Plenty of maps have been drawn to show that minimum wage can't even afford to rent median 1-bed apartments.