For housing there is usually more to the equation than just inflation vs salary.

When my parents got their first house in the 80s, I think the interest was just shy of 20%

If I buy a house today, I can literally get 0%* interest on the loan.

20% interest over 30 years means you have paid almost 6 times the value of the loan with your last payment.

So if they could afford the house at 20% interest, they can afford it at 5 times the price with near zero interest.

This has been one of the main factors for pushing house prices way faster than salary growth. The monthly payment can grow (somewhat) with salary while the sticker price on the house can grow much, much faster.

* Don't live in the US, but house prices in the EU are just as crazy as anywhere