December of 1964, newly married at 21, I made $440 a month as a brand new fireman. We bought a 12 year old 1100 sq ft house for $13,900. $300 down on FHA, and payments of $88 a month including tax and ins. Single income, and it cost us about $400 total (a month's income) to get in the house. Payments were under the 25% of income the FHA required at the time.
I seriously doubt anyone making bottom rung fireman wages today would qualify for that same (now 70 yr. old) house, much less meet the single income requirements. It is much harder to now own a home than we had it in the old days.
That is not even considering the 'extras' that today are considered essential, such as A/C, cable, internet, cell phone costs, etc..
Rick Potter
DIY journeyman,
FWW wannabe.
AKA Village Idiot.