The median household income in 1980 were 21,020 Dollars/year while the average house sold for just 63 700 Dollars = 3x the annual family income
Nowadays the numbers are 74 000 to 410 000 = 5.5x the annual family income.
https://fred.stlouisfed.org/series/MSPUS – https://seekingalpha.com/article/4491634-median-household-income-january-2022
And while houses are a little bigger than the ones build in the 80s – lost sizes are tiny in comparison
Also if the 15 TV sets I buy over my lifetime cost 1000 Dollars less than 50 years ago – I save 15 000 Dollars over a lifetime – great. But if the house costs an extra 200 000+ Dollars compared to 50 years ago – the 15 000 Dollars saved for cheap electronics mean nothing.