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As noted, this refers to Reagan policies and onward.

Even after Reagan's policies how do your points hold?

Because we are counting people's wealth in significant fractions of a trillion dollars and young people around the world cannot afford homes no more?

Prices of houses increased but others decreased. Life expectancy increased, consumption increased.

“Phones not homes.”

Consumption of overpriced crap, a.k.a. the lipstick effect [1].