> Now we're finally back to more historically normal and healthy interest rates, and it has broken the housing market. 1980s interest rates were higher than no

> Now we're finally back to more historically normal and healthy interest rates, and it has broken the housing market. 1980s interest rates were higher than now. The 1980s middle class could afford homes. A new 1987 townhome that cost $212k (in inf adj 2023 dollars) costs about $500k today - allowing for similar quality, features, market. I think houses are unaffordable because they cost more than double what they did.