re: Inflation the last 50 years

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Where does the idea that a better standard of living shouldn't cost more coming from?


Introductory economics. You’re smarter than this

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In regard to the sectors the OP listed, you simply can't expect to get MOAR for the same adjusted cost. Again look at housing. The median houses are not the same. The component parts of a house are almost all derived from mature industries with low idiot factors, you aren't going to see much if any drop in adjusted costs so larger houses with better finishes etc you should expect to pay more for. If you want a bigger house it will cost more, there is nothing in economics that says this is wrong.

Now if you talk about certain immature sectors with high idiot factors you should absolutely expect to get more for your adjusted dollars at a later time. I excellent example of this is televisions. HDTVs hit the US in numbers around 2000-2002. In 2002 I bought a 65" CRT RPTV 1080P set for just under $5,000, it was SOTA at the time in the size range. You can get a 85-100" set today that is exponentially better in ever metric for the same adjusted money today. You can get 65" 4K TV that is exponentially better for about 1/10th the adjusted price. That industry has had 25 years to mature and has dropped its idiot factor from (I am guessing) 10 down to say 3.

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Price per square foot has outpaced inflation, bigly

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Yes, and what you get in those square feet are much different than 1974. You could build a house now with 8 foot ceilings, carpet and roll vinyl floors, fewer/smaller windows, less insulation, fewer and lower amperage 120v branch circuits, fiberglass tub/shower combos, small and limited moulding, formica countertops, and the list goes on and on. The issue is people don't WANT them now, they want more and for some reason expect it to come at the same adjusted price.

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they want more and for some reason expect it to come at the same adjusted price.

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Yes, basic economic theory

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You could build a house now with 8 foot ceilings, carpet and roll vinyl floors, fewer/smaller windows, less insulation, fewer and lower amperage 120v branch circuits, fiberglass tub/shower combos, small and limited moulding, formica countertops, and the list goes on and on

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Do you not see the fallacy in this?

"You could build a model T and it would cost $500, therefore inflation is bogus."

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Why should the average adjusted price of a house go down or stay the same when you’re building a 70% bigger house?

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SMH

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I’m sorry man, but you’ve got a serious lack of critical thinking skills.

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STILL butthurt over some bullshite golf conversation. Really pathetic