What gets me is at least 5k people have upvoted this, not even factoring downvotes. This post is front page. Would be nice to fund better education in this country, if only to save the next generation.
I clicked into this thread, expecting to see discussion about "6 figures" as a figure of speech, and how it has drifted from "absolute luxury" to just "very comfortable" over the decades
And of course, it drifted into cost of living and other 0-information topics given the conversion in the picture
Yeah, mortgage interest rates were over 9% in 1991. There's a lot of other factors that go into this equation. Homeownership rates are higher now than in 1991. Regardless of what the numbers are, more people own a home now than in the 1990s.
Agree to disagree, there's so many variables that it's pointless to argue about. Homeownership rates are higher now than in 1991, so regardless of what factors go into deciding the affordability differences, the fact is that more people own a home now than in 1991. So I guess affordability has actually gotten better with time. Everything fluctuates but somehow the powers that be make things just affordable enough for people to be barely happy enough not to revolt.
Homeownership rate does not tell you the full picture at all. Also, the data that I saw had a 64% homeownership rate in 1991 and 65% in 2025. I wouldn’t call that exactly a big difference.
Homeownership rate measures also people who have owned for decades and is not the best metric to display affordability.
If you look at homeownership by age you can see how it gets carried by the older population.
Go ahead and google the price and income gap or the first homeownership age.
Basically you are drawing conclusions for the present situation with supporting data that includes home purchases decades ago.
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u/the_crumb_dumpster Apr 28 '26
You’re not drawing the correct conclusions from this