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What kind of tent did you buy? When I bought a house in 1983 it cost 5 times my annual salary. When I sold it 30 years later, it cost 5 times my last annual salary before I retired. My salary had grown quite a bit in real terms over the years, fortunately, but still no earth shattering change overall in housing prices.I think one disconnect here is interest rates. Rates were super high in the 80's, so while housing prices were lower at that time (and a smaller fraction of one's annual salary than today), housing prices combined with high interest rates still made housing affordability very challenging for the average family paying a mortgage.
Today, rates are not as high, but real housing prices have gone up in price more than they were then. The end result is a similarly challenging environment that is reflected by this chart from a businessinsider article on the topic showing that we have the worst housing affordability situation in over 40 years today:
https://i.insider.com/6541237696f7540cd06a5c90?wid...
