That’s not part of this comparison. The comparison in this article and the metric it covers is for people who are renting versus buying in 2024. The renter in 2024 can rent from a landlord who purchased in 2010, and is borrowing at 2020 interest rates. But a buyer today is buying at 2024 prices and 2024 interest rates.
It might be that a homeowner also bought home when it was cheaper. Come on, get a grip.
That’s not part of this comparison. The comparison in this article and the metric it covers is for people who are renting versus buying in 2024. The renter in 2024 can rent from a landlord who purchased in 2010, and is borrowing at 2020 interest rates. But a buyer today is buying at 2024 prices and 2024 interest rates.