[whitev70r]

From someone on reddit who did the math, FWIW. Obviously, details can vary with price of home, how much a person makes (single/married/how many kids), how much down, etc. Anyhow, you can create a scenario, plug in numbers and show me how it is so much different today than it was in the 80's.

Average price 1980 of single detached = $180,000, in 2023 = $1,956,000 (looking primarily at the Hotspot of Vancouver)

Interest high 1981 = 19.29%. If entire cost is mortgage, it works out to roughly $2917/mth at 25y amortization. Average family income is 30K, so 12x2917 / 30K = 116% or so going to home

Let's look at 2023. Interest now is 6.04. Lets buy a steal of a property at 1.5M. The payment is now $9701, same amortization. Average family income is 110k. 12x9701 / 110k = 105% of income going to home.