Boomers look surprised, and I think they fail to see the reality of current times. Decades ago, an university teacher, could afford to buy a home for his family , not too far from where he/she/* worked. Nowadays, even with FAANG salaries you can't buy a decent size home for your family even in a "30 minutes drive" radio from where your offices are. Imagine other professions who are not paid as much. People see throug…
People look back at home prices but don't account for interest rates. So yes, homes were cheaper for the boomers in the 70s and 80s but they were paying 10%+ interest on those homes. The actual monthly cost isn't much different.
Cities were much cheaper but they were also much more violent. So those people that bought in Harlem for a song in the 70s and have a million+ home today went through some shit. Even today you can get a home basically for free if you're willing to have a crappy home in a shit neighborhood if you want the Boomer experience.
Also, people had to move. Most of those boomers in California that made a bunch on their home moved from somewhere else because homes were cheap in California. People today can repeat that experience. Probably not the "greatest real estate appreciation ever" part but definitely the "cheap home with decent job prospects" part.
Similarly with cost of living. Outside of a couple notable exceptions things like appliances, cars, clothing, etc. are cheaper and (at least arguably) better today than what it was back then. The big differences are health care and education. But even these are a mixed bag.