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7% is close to normal, historically. But not for the past couple of decades, so people forgot.


You're missing the median income to home price ratio is at an all-time high: https://www.longtermtrends.net/home-price-median-annual-inco...

So, while interest rates are at historical 'norms', affordability is not.


I ask sincerely. Is there a way out of that problem other than raising wages and inflation?


Build more houses (or housing, if you prefer).



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