I will concede that luxury goods are far cheaper, and perhaps one could make an argument that cheap TVs are a reasonable concession for expensive food and housing. I would not agree with that.
I will concede that luxury goods are far cheaper, and perhaps one could make an argument that cheap TVs are a reasonable concession for expensive food and housing. I would not agree with that.
Real estate is a very local thing, so I can't speak to your area, but 1950s equivalent homes in my area are still impressively cheap. Why? People aren't interested in a 900 to 1000sqft home with no central AC. There's cities in this country that will give a run down property like that to you for free if you agree to live in that little town for a certain number of years, or at least there used to be. Those things come and go.
Also, because that's not what they want, the neighborhood becomes a meth lab. But if people actually wanted those homes that issue would resolve itself.
The data doesn't all support this common misconception. Really, it's an intentional deception on the part of many people who know better.
1. In many jurisdictions, many of the homes built in the mid-century can’t be built anymore due to modern code and zoning ordinances.
2. Building the same 1950s home, if it’s legal at all, is more expensive than it was back then. Materials and labor are more expensive.
3. Air conditioning is more of a necessity as global temperatures increase and as employment centers move south. If I can’t get a job in Detroit but I can get one in Arizona, then yes I need air conditioning.
4. Consumers are generally not in control of what housing is available on the market. Builders don’t build homes for lower middle class people because they’re not profitable. Nobody is forcing them to build the kind of homes the lower middle class can afford.
Also, in Chart 1 on page 6, "expenditure share for non-necessities" in the US goes from about 32.5% in 1950 to fully 50% in 2002-2003.
It would be nice if you told us the page from which you got your, "in 1950, food, transport, and housing consumed 70.3% of median working household expenditure." Searching for your text verbatim fails, which is not particularly surprising because PDFs cannot be searched reliably.
Also because 1950 is considered by some to be a particularly prosperous time in the US, some might accused you of cherry picking. For example, in 1918-1919, the "expenditure share for non-necessities" was about 22%.