system
A chat on subreddit /r/wallstreetbets
human
What did house payments versus income look like from 1970 to 1980 when inflation was sky high?  

Given inflation sky rocketed, real asset prices including home values rose.  However, wages (as typical during inflation), did not rise as much as real asset prices.

So pointing out that home prices as compared to wage income rose without addressing what happens during inflationary periods is unhelpful.

On a side note, from 1970 to 1980, homes prices TRIPLED in value (during this 10-year period, home prices rarely fell in value as compared month to month).  

In 1982, home prices did fall but the next year, prices resumed the uptrend.
gpt
Those years aren’t part of all history.