Comment: and for $15-20K you could get a decent starter home

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In reply to comment: In 1970 a car costs about $2-3K (see in situ)

and for $15-20K you could get a decent starter home

For $30-40K you could get a full blown decent size home with large amount of land, 4 bedrooms & two car garage. Today that type of house ranges from $400K-$1.4 million depending on location.

So you have to be making $250-$900K a year to afford a house like that (even if you made $900K you'd lose most of it in taxes)
It really doesn't matter that interest rates are low-you will still owe a ton of money to buy a home that is well in excess of your salary.

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