This is more complex than "houses cost less then". Given a fiat currency and fractional reserve banking, the dollar floats in value like a leaf on the wind. H

This is more complex than "houses cost less then". Given a fiat currency and fractional reserve banking, the dollar floats in value like a leaf on the wind. Houses cost less, people made proportionally less (inflation is a consideration here), and interest rates still bite you in the butt over the long haul, regardless of your monetary baseline.