Comment by SideQuark
1 day ago
Houses today are vastly larger. Cost/sq ft in all but the few most expensive places has been nearly constant under inflation adjusted price for an incredibly long time. A huge majority of the population lives in such places.
Here's a size list that is commonly shared https://www.newser.com/story/225645/average-size-of-us-homes...
When you figure in # of people in such houses, the avg person has vastly more space https://www.reddit.com/r/REBubble/comments/14hayqq/average_h...
New builds may be larger today but the vast majority of real estate on the market are not new builds
I bought my house in 2018. It was built in 1997
It is not vastly larger than it was in 1997, but I still paid 2018 prices for it
Most people aren't buying new builds