| In 1950 the average new home was 983 square feet and the average household 3.8 people. Today it's 2500 square feet and 2.6 people. That's a 270% increase in home space per person. And that doesn't even get into all the other ways that modern housing is fancier. Central A/C, attached garages, swimming pools, high ceilings, granite countertops, finished basements, more bathrooms, massively decreased fire risk, higher capacity electrical circuits, improved water heaters, builtin appliances. Median home price in the US is $123/square foot. To house a family of four, under 1950s standards costs about $125,000 in America today. That's easily affordable to a single earner at the median full-time wage of $45,000/year. I'm not saying that housing policy doesn't artificially inflate the price of housing. There are many easy reforms that would drastically increase affordability. Especially in high-priced metros. But to pretend like people in 1950 had it easier than today is just ignorant of the historical facts. [1] https://en.wikipedia.org/wiki/Personal_income_in_the_United_...
[2] https://www.yesmagazine.org/planet/the-righteous-small-house...
[3] https://www.realtor.com/advice/buy/average-price-per-square-... |
Also, you'll be hard pressed to find a livable house for that cheap. The average price of a home in the US in 2019 is $226,800 [2].
The numbers just don't work. Most people can't afford a house right now.
[1] https://en.m.wikipedia.org/wiki/Minimum_wage_in_the_United_S... [2] https://www.businessinsider.com/cost-to-buy-a-house-in-every...