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I can tell you that an average 2-bedroom apartment was about 600USD when I moved to the city I currenlty live in. Today the cheapest apartment in town is 1300USA/month and getting higher. If I hadn't been lucky enough to buy a house when I did, I couldn't afford to live anymore.
I could afford it but I’d have a 2 bedroom apartment instead of 5 bed, 3.5bath w/ 2 offices. We absolutely bought at the right times (2x).
And now we're blessed in that we get to die in our starter homes, which is absolutely a privilege these days.