I know that comparing averages is not always correct, but. Median home price around 1975 was $100K (give of take), median family income: $14K. Today the median family income in MA is $75K. The median home price in MA is around $550K. You were saying prices went up and you can't afford a home anymore? Then you couldn't afford it in 1975. Should we go back a couple of centuries? And yet we have TVs, Internet, smartphones etc.
Indeed, commenters here seem to be looking at housing as a fixed good with the same supply without considering that maybe the fact that housing is still expensive is that we aren't building more housing, not necessarily that our wages stagnated.
