before 1971 housing prices stayed about stable, they were considered a domicile, not an investment. Than the USD was decoupled from gold and money began to become worthless, but "stuff" became "valuable", especially property because no new land can be created. But the way we think about money after 1971 has not changed, but it should. The "dollar value" of something, say a property increased, but you should look at it in a different way: the property value has stayed the same, but the value of the dollar has decreased over time thus needing more dollars to buy the same property years/decades later. The graph of house prices plotting the wrong data.
before 1971 housing prices stayed about stable, they were considered a domicile, not an investment. Than the USD was decoupled from gold and money began to become worthless, but "stuff" became "valuable", especially property because no new land can be created. But the way we think about money after 1971 has not changed, but it should. The "dollar value" of something, say a property increased, but you should look at it in a different way: the property value has stayed the same, but the value of the dollar has decreased over time thus needing more dollars to buy the same property years/decades later. The graph of house prices plotting the wrong data.