>For median family single home in 1980, $55k. In 2020, $300k. (source: https://dqydj.com/historical-home-prices/). A decrease in spending power of 86%.

Inflation-adjusted monthly mortgage payments (the actual price that matters when it comes to housing) has actually gone down since 1989. This is on top of houses getting bigger.

https://awealthofcommonsense.com/2021/03/what-if-housing-pri...