I would rather, you are asking a complex and often asked question on this site. There are way too many moving parts to answer simply.
Pre inflationary monetary policy ala Nixon houses generally rented for more than the house payment. That was with a 10 or 20 percent down.
In the last 2 to 3 decades that has not been the case, especially in high growth area on the coasts.
I think a more interesting question to ask is the macro question on inflation, will it continue to spiral up, or will we have deflation. That would go much farther towards answering what the fundamentals are as the are ‘flation’ dependent.
