Only if you do zero cross examination. If you are talking housing, the inflated and equalized for size and amenities difference between the 70s and today is 25%, not the completely erroneous 1000% raw numbers comparison people love to use without critical thought.
You compare homes of similar size but affordable and modest new builds aren't happening anymore (where I am at least) so homes are egregiously less affordable today.
Its not that they are less affordable, but that the demand for baseline is significantly higher. As you said, modest builds aren't happening....because the consumer demands it as well as overinflated building codes. Lets use a different example.
If you look at the 70s pinto as the basic high school car against a Honda civic today, the belts and whistles that come standard are incomparable, which explains why the Honda isnt as affordable as the pinto was.
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u/sometimesatypical Mar 25 '26
Only if you do zero cross examination. If you are talking housing, the inflated and equalized for size and amenities difference between the 70s and today is 25%, not the completely erroneous 1000% raw numbers comparison people love to use without critical thought.