We've flipped luxuries and necessities. Big TVs, computers, and childrens' toys are comparatively cheap. Even in the late 80s/early 90s when I was a kid, toys weren't disposable. Now the plastic Chinesium crap is everywhere. Food and housing are poorly reflected in CPI inflation stats in my opinion, since those costs are such major parts of real-world budgets.
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Housing is filled with hidden inflation. If my property value rises by 20%, so do my property taxes and homeowners insurance. But it's not counted because my "premium/assessment per $1,000" is largely unchanged.
Ironic that the "again" ideal the MAGA hats so desperately want is an impossibility, due to property values ..
They can't fix the economy while curtailing trade, inflating the money supply, and driving interest rates down. Savings are the foundation of real progress, but they want people to spend so the short-term data looks better for their metrics. Instead, new money floods the market, and Cantillon effects enrich the politically-connected while everyone else bears the real costs. It's obscene that not only does the government expect you to pay them in perpetuity for the privilege of having a home, but they can change the rates depending on whatever the bubble economy says you could sell it for as if you exist to flip assets.