Complaining About Inflation

At the current 30 year mortgage rate, a family would need 20% down and a $120,000 gross income to afford the average American home. 66% of Americans own homes and 40% of those homes are owned free and clear without a mortgage. So who is buying? Well, the majority of Americans are buying. There's a fallacy where you compare the median home price to the median household income. The person with enough funds who are buying has never been that way.