Comment by Animats

Median house price / median income is at an all-time high for the US.[1] But what that means is that the rest of the country has caught up to California's overpriced housing. Hence the call for a 50-year mortgage. Still, looks a lot like the 2008 housing bubble.

[1] https://www.longtermtrends.com/home-price-median-annual-inco...