Comment by boroboro4

Good points.

For houses I think I expect to get better product for same “real” dollars, like with cars or TV. But given somewhat limited supply of houses this can be wrong assumption.

As for income tbh I read it more like real income fell a lot, rather than a proof that inflated dollars reflect reality well. I.e i think if income inequality didn’t grow as much as it did 2024 median household income would have been much higher which would have increased different between inflation figure from real one further.