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> Let them eat lentils

Average home price in the US is 400k and mortgage rates are over 7%.

Home prices differ a huge amount by the income of the people in the area

This is a meaningless statistic with zero nuance. Average is also the wrong thing to look at

That's all true, but the average comment might cut the opposite way. New construction is skewed towards larger expensive homes, which does tell us a bit about the supply issues of smaller starter homes in general.

Most of the issue preference. There are foreclosed homes that are <$100k, but they are in areas people don't want to live, or can't due to lack of job options.

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