Things going from 25-50 cents in the 70's to 6-10 bucks... That's a hell of alot of inflation -- alot more than the supposed 2-4% reported by government figures each year. Over 3 decades, 4% would be a 324% price inflation. Instead, I commonly see things more in line with 20x (2000%). It's not just housing.

Can you point out a couple things that have gone from costing '25-50 cents' to 6-10 bucks?? Ringtones don't count that is a superfluous example.