My home is worth 2.5 times what it was when we bought it. My single daughter is living in a rental in the Sugarhouse area of SLC with a roommate and her current rent is the same as my monthly mortgage and escrow for insurance and taxes.
I remember YEARS ago my uncle telling me that his mortgage payment was around $350 a year, as he laughed. At the time, I was paying the same in rent. Now I'm seeing it with my own kids. I suppose at some point (I hope) they'll be able to get into something and begin accumulating equity and stabilize their housing costs. But it is crazy to me. I often wonder what I'd do if I was starting out trying to support a family. (Of course - most of the time I'm looking at what my income at the time was and what current expenses are. Hopefully I'd be earning more starting out now than I did then. ;))