Earlier quoted context omitted.
Which basics are you referring to?
Housing. Health insurance. Second cars (because women now need to work). http://www.youtube.com/watch?v=akVL7QY0S8A&t=15m40s also http://www.youtube.com/watch?v=akVL7QY0S8A&t=9m15s
Again, not if you're willing to live in a typical 1930 house (with one bathroom for the whole family, a small kitchen, no family room, one bedroom for the parents, one bedroom for ALL the kids, no air conditioning, no garage, no laundry room).
The average price of a house is so much more today in large part because people want a lot more square footage.
> Health insurance.
Today's standards for health coverage are much higher than they were in 1930. Life expectancy for American men was 58 years back then. Blue Cross didn't exist. Jimmy Carter was the first US President born in a hospital (in 1924).
If you're willing to lower your standards dramatically, and accept medical treatment that's as sucky as it was in 1930, it's a lot cheaper than what we would today consider to be acceptable.
> Second cars (because women now need to work).
They don't, though. If you're willing to live the low quality of life that was prevalent in 1930, you can do it with a single-earner household.
In fact, why does your household even need one car? In 1930, most American households got by with zero.