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Comment by knowaveragejoe

20 hours ago

What's missed in that nostalgia: the house was crap; the appliances, if any, were crap; the car(if you had one, and only one), was crap. On and on.

That crap house hasn't been updated and is worth 200x currently in California. Houses that sold for 10k in the mid 70s are selling for 2 million or more in 2025. Cars, appliances and everything else is just a rounding error by comparison.

  • That's a condemnation of zoning laws artificially restricting the market for housing, which ironically only came about after that period of relative abundance