I think that sounds about right. We are wealthier than in the 1950s. We have super computers in our pockets and a global information network, for example! Fo

I think that sounds about right. We are wealthier than in the 1950s. We have super computers in our pockets and a global information network, for example! For housing though, the economic unit is the household, not the individual, and land and location are not really affected by how much stuff we can produce. So housing costs will always occupy a large fraction of household wealth, no matter how wealthy we become.