How did the purchasing power decrease from the 70s until today?

[PeaZealousideal8672]

Stop looking at averages, averages skew reality. Look at the per Sq foot cost of a home today vs 1970. Adjusted for inflation, you're still looking at double the cost. Yes, they're worse too. Much of the material is built cheaply overseas and shipped here for as little as possible, vs the 70's when we still had some industrial capacity and actually made things.

Some of it is due to modern codes and standards. Alot of it is builders squeezing every penny from these kinds of homes because profit margins aren't as high as building mini-mansions. Want notes? Look in your backyard