Episode Details

A new report reveals that while overall buying power has grown since 1974, the real pain point is housing—especially for homebuyers. Renters are better off than their predecessors, but buying a home? That’s a whole different battle. Costs for healthcare and college have skyrocketed faster than incomes, making down payments nearly impossible. The median home price today? Almost $420K—up from $229K in 1974, adjusted for inflation. Meanwhile, mortgage rates, while higher than a few years ago, are still below historical averages. The result? First-time homebuyers are waiting longer—now averaging 40, up from 29 in 1981. It’s not just about rates—it’s about the sheer cost of homes and what’s left in your paycheck after essentials.

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