Can people afford a home?

AviatorTom
US New Home Sales by Price (2002-2021)
US New Home Sales by Price (2002-2021)
The graph shows how the price of new homes in the United State has skyrocketed, especially in the past few years. In 2002, for example, more than half the homes sold for under $200 thousand with about 8% for over $400 thousand. Compare that to 2021, where more than half the homes sold for more than $400 thousand, with a mere 1-2% under $200 thousand.

Although this is data for the United States, other countries are experiencing significant increase in the cost of owning a home.

Can people afford to own a home? What can be done about it?
Can people afford a home?
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