Ah yes, the cost of a high end item that technological change turned into a pure status signalling luxury item. Housing and vehicles have certainly increased i

Ah yes, the cost of a high end item that technological change turned into a pure status signalling luxury item. Housing and vehicles have certainly increased in cost. Housing is a policy failure, and vehicles are a mixed bag. There are policy choices in vehicles (many required emissions and safety systems), and the reliability, performance and durability has changed dramatically. So the price is higher, but value hasn't stayed the same at all.