> Median home price in the US was $222k in 2008, its $400k in 2022. Rents have gone up accordingly This is between misleading and untrue. Home prices have gone

> Median home price in the US was $222k in 2008, its $400k in 2022. Rents have gone up accordingly This is between misleading and untrue. Home prices have gone way up, while home monthly payments haven't, due to the extremely low interest rates on mortgages. This means that downpayments are less accessible, but the rest of the payments are about as accessible as before. Until 2021, monthly payments were actually unusually cheap for the last bunch of years. Probably offsetting the higher down payments and lower inflation. But the big one is that rents haven't gone up accordingly. I couldn't find 2022 data, but from 2008 to 2020, median monthly rent went up from $783 to $1,104. In 2020 dollars, it went from $941 to $1,104, or 17%. It's significant, but nowhere near the doubling you posted.