Has anyone else paid attention to Housing prices? Wow

We've been in our house for nearly 27 years. We've pulled money out a couple of times, but never maxed out the value. We had a dip when the '07 bubble burst, but not below what we owed. We just refinanced again (we'll never get it paid off, but that's fine). We currently owe a little more than twice what we paid for it, but our payment is lower. Also, my retirement income is pretty close to what I was making working at the time, but we have a few more expenses. The money we just pulled out will go toward building a second two-car garage, RV parking, dual pane windows, and kitchen remodel if there's money left over. Oh, and our payment went up $28/month.

As for what young people are doing. I can only answer for my sons. They both own houses worth more than our place. Our older son on a truck driver salary and our younger son as an application engineer (sort of) and his wife's salary in IT at a private university (pay too low). They are in their mid-30s.