Having looked around a bit lately, it seems to me that if you don't buy in a major metro area, and you buy a house that was built in the 1950s, you pay something that, inflation-adjusted, would look reasonable to someone in the 1950s.

But lots of people don't want to live in houses that small. Well, if you want more, you pay more.

And maybe the comparison isn't fair. In the 1950s, those houses weren't 70 years old, but they are now...