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Interest rates and affordability question.

I know interest rates have been higher than the 7% now and comments I've seen mention family having an interest rate of 13%.

I was messing around with a mortgage calculator and at 9% interest, 20% down (which I don't think I'd want to put down). The best I could get within a comfortable mortgage rate would be maybe 250k. Granted the area I'd be looking at has high property taxes. My salary is 120k. The median salary of where I'm looking is 70k with inflation. And the median sale price is 315k.

My question is how did people afford homes with an interest rate so high? Were homes that inexpensive comparatively?

submitted by /u/Another_anon_123
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source https://www.reddit.com/r/RealEstate/comments/xog24v/interest_rates_and_affordability_question/
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