U.S. Household Debt Exceeds $14 Trillion for the First Time

[progree]

16. Interest rates are less than half of what they were in mid 70's

"Before the double digit interest rates late in the 70s mortgage rates were in the single digits and housing prices even in eastern Mass. were low five figures for something small and livable. Prices there have gone up by a factor of ten while interest rates have been halved. Do the math."

Why don't you help me out with this. And compare the result to the actual rise in median or average wages since then. (And not just the minimum wage). And factoring in the 60% increase in average house size

Interest rates have been halved? They've been more than halved,

http://www.freddiemac.com/pmms/pmms30.html
For example:

Dec 1973: 8.54% 1.0 points

Dec 1974: 9.62%, 1.3 points (well before the great inflation where they peaked in 1982 at 16.04% average for the year, plus 2.2 points)

Dec 2019: 3.72%, 0.7 points

I bought my house in June 1980, and I sure don't remember that as being some kind of nirvana.

"even in eastern Mass. ... Sure, you can get some real bargains in Detroit and rural Mississippi, "

Could we talk about a national average rather than some of the highest and lowest places?