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Housing prices also more than doubled in real terms in the period of that graph https://fred.stlouisfed.org/series/QUSR628BIS


Says nothing about affordability

Home ownership rates are higher than they were in 1975 though and the number of people living in single family homes is close to what it was in 1975 (a little lower but the same as it was in 1955).

So the vast majority of people have more space for entertaining than in 1975.




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